This Momentum Is Tenuous
We have the slow drift up this morning following mediocre economic news. Big-cap momentum was under pressure after negative comments from Goldman Sachs about Amazon (AMZN), but that is being shrugged off as window-dressing pressures resume. It's too easy in this environment to push stocks around, so we have to be careful trusting any theme to last.
Oil is taking the lead, but strength in financials is helping the mood the most. Weakness in the euro is being ignored, except when it comes to precious metals, which are being pounded....144 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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