10/07/2014

Despite having a solid rally on Friday last week, Monday seemed completely stuck in neutral. And that is OK since there wasn’t any serious movement towards bulls or bears. Today’s session seems primed to open just a little lower, with pre-market down 0.20% this morning. With little happening yesterday worth talking about we will look forward to the FOMC minutes on Wednesday as well as the beginning of earnings season early next week. And, as a heads up, S&P 500 companies are expected to report profit growth of 4.6% which has been adjusted down from 9% (which was foretasted at the end of June). And that’s all I have today.