Tom Shrader
Tom Shrader
data economic hold michigan number people positions price retail sales seeing today trading wanting
There's just a lot of uncertainty and you're seeing that in the trading today (Thursday). Tomorrow's (Friday) our only big economic day of the week. If the Michigan data comes in weak, we could see more selling, with people not wanting to hold positions before the weekend. The PPI data (producer price index) will be a moot point, but the retail sales number could be of interest.
certainly gold people price reflection rise stocks tend today
I think the rise in the price of gold and gold stocks is certainly a reflection of the uncertainty today (Thursday), as those stocks tend to do well when people are nervous.
lows month move percent recent september tricky
We're up 15 or 20 percent off our (July 24) lows. But September is a tricky month historically. We could retest recent lows by as much as 10 percent before we're able to really move higher.