Market Comment
Market volatility continues today, with Stocks pulled lower as investors fear the problems in Greece are far from over after public workers began to strike against the bailout plan. The move lower in Stocks is benefiting Bonds, which moved above the 100- and 200-Day Moving Averages in early trading.
In the news, Pending Home Sales for March came in a bit higher than expected – but not as high as last month’s number. Also today, the first Senate votes will be cast on the Financial Reform Bill. The looming vote is casting uncertainty into the Stock market and is contributing to the early weakness in Stocks.
For now, I recommend floating. I will let you know if a change of course is necessary.
Leonard Winslow, New American Mortgage, Charlottesville
434-760-2580 (cell)
leonard.winslow@newamerican.com
www.newamerican.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112
In the news, Pending Home Sales for March came in a bit higher than expected – but not as high as last month’s number. Also today, the first Senate votes will be cast on the Financial Reform Bill. The looming vote is casting uncertainty into the Stock market and is contributing to the early weakness in Stocks.
For now, I recommend floating. I will let you know if a change of course is necessary.
Leonard Winslow, New American Mortgage, Charlottesville
434-760-2580 (cell)
leonard.winslow@newamerican.com
www.newamerican.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112
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