Mike’s Morning Brief: A fast-break rundown of what’s going on.
Market opened in the red again after a pretty wild session yesterday saw early losses largely erased. Global Markets were mixed overnight. Geopolitics and emotion seem to be taking the lead right now, but fundamentals and technicals remain the underlying drivers. Earnings will take the lead again starting tomorrow. Crude is going for 7 straight daily gains. Secretary of State Rex Tillerson is still in Moscow to discuss Syria, Ukraine, and whether the US and Russia can find common ground. At the same time, a U.S. carrier group moves on waters around North Korea. The G7 decided against Russian sanctions, something the US was pushing for. Money keeps flowing into Bonds, with the 10-Year Treasury yield below 2.3%. Gold is higher too. Tax reform is looking less likely in 2017.
Have a great day,