Emini Futures Trading / Will GS Increase Our Credit Line?
E-Mini S&P 500: Stellar expectations not for sellers?
It is the earnings season and the bulls have waited to grasp the positive flow of business to boost the economy! Technology stocks such as Riverbed Technology Inc. and EMC Corp. led the market higher. JPMorgan Chase & Co. stock fell after the bank’s chief executive remarked on a conference call that it was unlikely that there would be a dividend hike soon. Retail Sales were up .4 today, but this was the smallest increase in the last nine months. Business Inventories were up .5 less than expectations. President Barack Obama has been setting the stage for his budget cuts in the deficit. The market sentiment seems to have changed perhaps since the budget meeting last Friday or perhaps after Goldman Sachs told their investors to liquidate their commodity positions.