Last week's unemployment claims dropped and durable-goods orders increased in July. This is further reaffirming that economy seems to be in a reasonably good shape. I think this just means that Feds are no where close to letting their guard down on inflation. This and 10-year Treasury's yield level is perhaps making investors nervous about tomorrow's speech by Federal Reserve Chairman from Jackson Hole. Apparently, the rally due to +ve sentiment caused by yesterday's spectacular results from Nvidia seems to have fizzled this morning (PST) as all three major US indices appear to be in the red.
top of page
bottom of page