Friends
A better than expected (but not really great) GDP number and ridiculously good corporate earnings still didn’t cheer up the stock market today. As we have mentioned we appear to be in a good news is “bad” news phase. It’s not like we are experiencing severe selling pressure, but good news isn’t moving the needle.
By the close, the Dow Jones Industrial Average was down 11 points to finish the day at 24,311. The S&P 500 was up 3 points to close at 2,669. Gold was up $6 to trade at $1,324 per ounce, while oil was down $.12 to trade at $68.07 per barrel WTI.
We have another big week of earnings ahead next week, so let’s see if the ennui continues, or will the bulls finally find something to get excited about.
Have a great weekend everyone.
