Market Comment
The European crisis continues to dominate the headlines, as one of Spain's biggest banks failed and was taken over by Spain's Central Bank.
The Bond market opened higher on the news, as the flight-to-safety continues to dominate trading sentiment. Stocks didn’t like the news and are trading lower.
Based on the technical data, I recommend locking in the recent gains. Remember, the markets are very volatile and the situation in Europe is still a wild card.
Leonard Winslow, New American Mortgage, Charlottesville
NMLS # 265272
434-760-2580 (cell)
leonard.winslow@newamerican.com
www.newamerican.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112
The Bond market opened higher on the news, as the flight-to-safety continues to dominate trading sentiment. Stocks didn’t like the news and are trading lower.
Based on the technical data, I recommend locking in the recent gains. Remember, the markets are very volatile and the situation in Europe is still a wild card.
Leonard Winslow, New American Mortgage, Charlottesville
NMLS # 265272
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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