Markets were down 1.5%.......
Then came Fed statement...& it was a change from previous approach.....so they are going to help maintain interest rate lower ..& "buying government debt"...which will bring long term interest rate lower which will help mortgages & corporate borrowing....
This brought US$ down & Gold went UP & whenever US$ goes down market likes it..so we pared most of the loss...
Internals of the market remained much weaker @ close...after long time there were more 52 wk lows in Nasdaq.....
Chinese inflation data just came out & is lower than expected...other economic data were mixed.......
AH Futures Down
AH Asian market UP
AH Oil Down
AH Gold UP
Portfolio is IAG,SNDK,LVS......
BLOG does NOT give buy or sell.
Saleem
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