Monday, 7 July 2014

Closing Brief

US equities closed moderately lower, sp -7pts @ 1977. The two leaders - Trans/R2K, settled lower by a more significant -1.0% and 1.7% respectively. Near term outlook offers the low sp'1960s, but the 2000s are... coming.



In many ways it remains a case of 'don't get lost in the minor noise'.

Sure, we could see a little more weakness across Tue/Wed, but the bigger picture is absolutely bullish.

I am keeping an open mind on things, but for now, unless the equity bears can break back below sp'1900, any talk of 'significant downside' should be dismissed as the same old crazy talk.

I'm kinda tired, so.. next posting will be a daily wrap.. 8pm EST.

*thanks to those who did say hello today, its good to know some of you are still out there.