And now, with their $2 trillion in national savings, they’re going on a buying spree. But unlike Americans in the Bubble Epoque, the Chinese aren’t buying cheap consumer goods.
The indices had an extremely interesting session. The rally continued early on as the indices exploded after positive Wells Fargo (WFC) earnings came out along with earnings by several other companies.
Dr. Julie Peterson-Manz reviews the Around The Horn stock action for October 20, and presents trade ideas that still have the possibility of triggering for October 21.
The AUD/JPY currency pair is making larger moves, and the range expansion with a negative tilt in yesterday’s trading was coinciding with some S&P 500 weakness.
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