The big-picture worries the market ignored last week are starting to matter this morning, and the weaker-than-expected Chicago PMI number isn't helping. Virtually all the recent economic reports have missed expectations lately and we already have the numbers coming down for the monthly jobs report due out on Friday.
Apple (AAPL) has returned to its pre-earnings behavior and continues to drip lower with no signs of support. However, the DJIA is showing some relative strength and that is keeping a bid under the market. Breadth is poor at around 2-to-1 negative with biotech and oil leading while precious metals and banks lag....125 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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