Young PM thinking to himself, why are SPUZ starting to inch down ever so slightly?? Like I said this morning the leadership is so narrow, it cant hold up the market forever. Alcoa kicks off earnings season tonight - they were a massive job cutter in the last year so they should post good numbers one would think, cost cutting works to boost the bottom line, so I would imagine the street will be interested in the top line. AMZN, GOOG, AAPL and GS must be beta hotel for any and all hedgies at this point - how much higher can they push em? To infiniti and beyond.
The dollar is a tad stronger today - how come stocks are still up? Thats not in the script!!
Stay tuned
JB
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