The kick-off for 2015 started similar in 2014.
Then markets fell through most of January. The news backdrop today is different as now were battling rapidly declining energy prices, troubles in Europe once again, a rising dollar and questionable economic growth projections. We’ve already analyzed the 5% GDP report but found the primary cause for the jump was consumer spending and most of that was for Obamacare.
Further, out of the 27 companies in the sector, 24 companies — including 13 retailers — have issued such warnings, according to FactSet.
In Germany a much lower than expected CPI reading caused stocks there to plummet. Greece threatens to leave the euro which for some might be a good thing.
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