What’s going on in the world…
Market opens in the red, giving back some of yesterday’s gains. At least gains on the DOW and S&P. The NAS was actually down yesterday. So was the small cap heavy Russell 2K. Google went a long way to prop up Tech yesterday with its blowout Qtr. Both Boeing and GM are lower in early trading as they lowered guidance. Producers of hardgoods in America are having a hard time right now. Earnings keep pouring in as it’s the busiest week for Earnings Season with over 1/3 of the S&P 500 companies reporting. Expectations are high. So far, they’ve been solid. This is going to be a big day for global trade. The European Trade commission President is visiting the White House to discuss tariffs and possible deals. It’s being rumored that President Trump is warming to a new deal on NAFTA. That sure would be a Market positive. It’s also deadline day for the Qualcomm-NXP deal, which the Chinese have held up and threatened to block. Oil is up. Interest rates are down. Stocks are mixed. It’s another eventful day on Planet Earth.
Have a great morning,
Mike Frazier
