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Market recap: "Good news is good news today," so stocks reclaimed much of yesterday’s...

Market recap: "Good news is good news today," so stocks reclaimed much of yesterday’s losses after data signaled stabilization in U.S. manufacturing and rising home prices. If the markets can react positively to good news instead of worrying about implications for monetary policy, it would be a welcome transition. Telecoms and utilities were among the leaders even as Treasurys fell again, sending 10-year yields to 2.58%.
Comments (3)
  • wapiti
    , contributor
    Comments (698) | Send Message
     
    how are they supposed to act to BAD news?? Good?? BEN has made a mockery of the markets
    25 Jun 2013, 05:09 PM Reply Like
  • bjamesh
    , contributor
    Comments (101) | Send Message
     
    I for one, was glad to see the markets react positively to apparent better economic news/data within the US. It would be if nothing else, a change to assess the market on fundamentals rather than through the "fog" of Central Bank policy. Assuming of course, that the data is in fact not being distorted. But that's another story.

     

    Statements out of China may also have had some effect. I'll be fascinated to see how they handle what appears to be their own "credit crunch".
    25 Jun 2013, 05:48 PM Reply Like
  • CraigPowell
    , contributor
    Comments (96) | Send Message
     
    "Stocks reclaimed much of yesterday’s losses "
    Is it surprise? Not for me.
    Yesterday I wrote buy the dips http://bit.ly/19ong1Y following
    I Know First algorithmic system forecast :
    http://iknowfirst.com
    25 Jun 2013, 06:00 PM Reply Like
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