Have a hodgepodge of news that isn’t amounting to much market action today:
While I was soundly sleeping last night, China’s Stock Market, the Shanghai Composite, dropped 6.5% and trading was halted.
Pending Home Sales are up 3.4% from last month, now at a nine-year high.
The latest GDP report in the UK was weaker than expected.
And lastly, Weekly Jobless Claims rose 7,000, precisely 8,000 higher than analysts thought.
Overall, our domestic stock market and mortgage bond funds are down, though only marginally about halfway through the trading day. The rain has blown through and the sun is shining back through my windows; looks like today just might shape up after all.
