U.S. stocks closed little changed Thursday, with investors unwilling to place large bets ahead of Friday's employment report, as corporate earnings and thoughts of accelerated tapering by the Federal Reserve were also in view.
The markets are still a little worried, but eventually there will be a shift in focus from taper, taper, taper to earnings.
In terms of the market there really is nothing much to add. For most of this week, even though some big news items have been out, we have been in nothing more than an annoying range. We will need to see some sort of breakout in either direction for some clarity. This is normal for JANUARY so I do not know why traders out there are expecting some sort of miracle or power move coming off the back of the holidays, we just have to sit and wait it out.
Maybe we get something FRIDAY with the much anticipated jobs report. As said, you can see below the nasdaq is still in a range.
|Taper talks and jobs|
WHAT IF YOU KNEW WHICH WAY THE MARKET WAS ABOUT TO MOVE BEFORE IT HAPPENED? CLICK HERE To Join Our VIP ELITE GROUP -- FREE!
Powered by 123ContactForm | Report abuse