Risk is still extremely high and I still believe there could be an event before the end of the year that torpedoes the market. For right now we are due to back and fill. Like March 2011, a decent move commenced but it lasted about 6 weeks. We are coming to the second half of July, its vacation time for the markets. Nothing too drastic should happen here as August is just about the slowest month of the year. But once September gets here my antenna will be out.
Home prices in 20 U.S. cities rose at a slower pace in the year ended in June as declining affordability and weak wage gains kept appreciation in check.
Treasuries declined as easing political tensions in Ukraine and Gaza reduced demand for the safest assets before the U.S. sells $67 billion of notes and bonds this week.
Manufacturing expanded in July at the fastest pace in more than three years, showing factories will help power the economy after a second-quarter rebound, other data showed today.
For sale: California estate once home to the King of Pop, named for the island of the Lost Boys. Spacious Tudor-style mansion ideal for entertaining. Chimpanzee not included.
