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Strong Week For The Market
Looking at the market, since Monday’s follow-through day, the market and a batch of leading stocks, steadily rallied which is a healthy sign. The fact that we have not seen any serious distribution days show up since Monday’s FTD bodes well for this nascent rally. It is also a welcome sign to see the market continue to improve as investors digest the latest round of stronger than expected economic and earnings data. Remember that now that a new rally has been confirmed, the window is open to start buying high quality breakouts. Trade accordingly.
European Market Breakdown
CNBC’s Annette Weisbach breaks down today’s European market action.
Gold Price Has Room to Rise: Vantage CEO
Gold is likely to stay above $1,000 this year, with room to rise further, says Mike McChesney, CEO of Vantage Goldfields. He talks to Greg Bundy of AIMS Financial, and CNCB’s Oriel Morrison and Sri Jegarajah, as the junior miner lists on the Australian market today.
Parsing the Fed Minutes
About half of the FOMC now sees risks tilted to the downside, reports CNBC’s Steve Liesman. Zane Brown, of Lord Abbett, and James Bianco, of Bianco Research, share their views.
Riding the Cloud Craze
Thanks to the cloud computing craze, shares of Rackspace Hosting have jumped 50% over the past three months. The company’s CEO, Lanham Napier, talks to the Fast Money traders about this hot sector.
Outsourcing To Small Town USA
American companies are now outsourcing to small towns in the United States, with Monty Hamilton, Rural Sourcing CEO.