SPX 500 - Friday the 13th
Submitted by BBFX Blogger on Fri, 07/13/2012 - 07:26
The SPX 500 sits about 3 points higher (as of 8:15am ET) than Thursday close on the S&P 500. China's GDP figures came in just a bit lower than expectation (expected 7.7% vs 7.6% actual). We didn't get much of a sell off in riskier currencies as the the declines took place in the previous rate cut.
As 2nd quarter earnings begin, be careful as we could see price action breakout with little follow through.
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