March 29, 2024

Apple finally lands China

Index & Sector performance 12/23/13 The Market: The market was able to produce a gap higher to start this shortened trading week which will include a half day of trading Christmas eve and the market will be closed Wednesday December 25th in observance of Christmas.  After the gap itself the S&P remained in a roughly 4-5 point trading range the entire day on light volume. There was a fair amount of economic data released today but nothing that really tipped the balances.  Core PCE and Consumer spending came in right at expectations while Personal Income slightly missed (0.2% vs. 0.4%…

Daily Wrap

DJIA -62.05 (-0.43%) to 14,452.06; S&P 500 -8.60 (-0.55%) to 1,552.10; NASDAQ -11.48 (-0.35%) to 3,237.59 I do not believe I have had a conversation about Cyrus in many years and if I remember correctly the last and only other time I did was with someone who had a vacation condo/villa there.  Otherwise I will now add today as the next time Cyprus was a topic of discussion as fears regarding their financial situation took the headlines.  Is the concern about Cyprus itself, no I do not believe so.  The fear is first the reminder of some EU country’s conditions and this just…