Early, early Monday Morning, July 11. NEW YORK (Reuters) - Wall Street heads into earnings season this week playing a typical game: Worrying about results a lot, and then rallying on pleasant surprises.
An economic indicator (or business indicator) is a statistic about the economy. Economic indicators allow analysis of economic performance and predictions of future performance. One application of economic indicators is the study of business cycles. Economic indicators include various indices, earnings reports, and economic summaries. Examples: unemployment rate, quits rate, housing starts, Consumer Price Index (a measure for inflation), Consumer Leverage Ratio, industrial production, bankruptcies, Gross Domestic Product, broadband internet penetration, retail sales, stock market prices, money supply changes.
7 PM Thursday Evening, July 7. So what is my
forecast (educated guess?) for the market for tomorrow, Friday July 8? I have
not checked the news wires yet for all the late breaking news, so I am
guessing. But I would guess that baring some really bad news, that the market
will try to consolidate its gain at present levels, i.e. it won’t move much up
or down.
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