Markets Moving Lower, Things Happening
- Joshua M Brown
- July 16th, 2012
Empire Manufacturing slow but steady, higher by 5 points.
June Retail Sales disappointing, down .5%
The IMF came out and downgraded their growth expectations for the US and UK. They love doing this stuff.
Citigroup earnings were a mixed bag, better on earnings, weaker on revenues. And they dipped way into the cookie jar of reserves to make that number.
New 52 week highs for Visa (on a lower-than-expected settlement that's been hanging over it), Berkshire Hathaway (on the remodel, real estate recovery trend) and Target (on the consumer retrenchment trend).
Not much else to talk about until tomorrow, when all hell breaks loose on the earnings and data and Fed front.
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The Reformed Broker is a blog about financial markets and the economy. Joshua Brown is a New York City-based investment advisor for high net worth individuals, charitable foundations, retirement plans and corporations... More.