As Volume Shrinks, Markets Dance - InvestingChannel

As Volume Shrinks, Markets Dance

8-26-2014 5-49-29 PM Cash

First in overseas news, China stocks slump most in 2 weeks on glut of IPOs while European stocks were higher on stimulus expectations whenever Draghi drops a hint.

Durable Goods Orders soared 22.6% vs 5.1% expected & prior 2.7% BUT, ex-Transportation orders fell -08% vs0.3% exp & prior 0.2% (seriously misleading data given massive Boeing plane orders).
Case-Shiller Home Price Index fell -0.2% vs 0.1% expected & prior 1.1%. That was offset perhaps by Consumer Confidence 92.4 vs 89.5 exp & prior 90.3.

Meanwhile the Council on Foreign Affairs has chimed-in offering the idea that central banks should just give the population

Read more…