Market Watch: Expert says-“Market Adrift, Tied to Nothing!”

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The dollar was up again but oil was down, and so followed the markets today.  Consumer confidence continues to rise slowly which fuels the fire of another possible rate hike by the Fed.
Eric Chemi wrote an interesting piece for CNBC today with the headline:

“A Market Adrift, Tied To Nothing, Confusing Everybody”

Sounds encouraging for investors, right?  In the story Chemi surmised as to why stocks have left traders so confused that nobody knows what they’re tied to, and nobody has a good sense for where they’re going.
“Stocks are just doing their own thing, which is why they’ve been so confusing for traders over the last few weeks. It’s an environment that could be conducive to stock pickers but rough on trend followers.”
Read the who story here.

Here are the final numbers from Tuesday, August 30th, 2016 on Wall Street:

Dow Jones Industrial Average: 18,454.30 (-48.69 / -0.26%)

NASDAQ: 5,222.99 (-9.34 / -0.18%)

S&P 500: 2,176.12  (-4,26/ -0.20%)

Phil Cannella

Phil Cannella

As a partner with CBS Radio in Philadelphia, Phil Cannella reports on the issues most important to the American retiree.
Phil Cannella

@phillipcannella

Phil Cannella a revolutionary thinker. Phil Cannella's cause is the Phil Cannella Crash Proof Retirement system. Phil Cannella has worked for decades.
Get the truth on how Wall Sts stacked against you, on The @CrashProofShow Sat at 10 AM on @1290wjno in FL, and 11 AM on @TalkRadio1210 in PA - 1 year ago
Phil Cannella
Phil Cannella

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