Friday, 24 October 2014

2pm update - renewed chop

Equities remain seeing mixed chop, with most indexes moderately higher. Overall, it remains a relatively subdued end to a bullish week, with powerful net weekly gains for all indexes. Oil remains weak, -1.0%



I'm tired.. and frankly... there isn't much to add.

Even a minor down cycle seems hard to achieve right now... a flat close still seems possible though.

Notable weakness, Ford (F) -4.2%, earnings were mixed, EPS was inline, but missed on sales.