Update from the #NYSE Floor July 8, 2014 Carnage in Russell continues with Nasdaq racing to catch up. Both are down twice the Dows loss today. Yield drop continues. Overall, a rerun of Mondays themes. Utilities rise, cyclicals and small caps are punished sharply, suggesting a sputtering economy. The generals offer no refuge as Europe is clearly sputtering too. Two Fed speakers in early afternoon are likely to cancel each other out. Selling a touch more aggressive than yesterday, raising run rate to a likely NYSE final volume of 650/730 million shares.
Posted on: Tue, 08 Jul 2014 16:34:37 +0000
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