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Thursday, January 04, 2007

Commodities Beat Down

The market managed a positive close thanks mostly to strength within the tech space.

End_of_day_chart_72

Everyone is talking about the beat down in the commodities and there are good reasons why. That said, the jury is still out to whether we can trust this move as a major market tell or just garden-variety "take your profits" and run in the new year. We'll find out soon enough if any stability returns once this new trading year gets fully underway.

See you after the jobs report tomorrow morning.

Posted by Kirk at 5:14 PM in Review | Bookmark | Feeds | Link |


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