Not a very positive stock market overall. There's more to the market overall than just Apple obviously. Equity markets are currently more U.S. centric than their overseas peers. Is this a more durable trend or just some short-term phenomenon? This is hard to know currently but it seems the economic contraction in Europe and China matter. U.S. markets can't separate or go their own way for long in this globalized economy.
More housing data will continue throughout the week with Wednesday's featured report coming from Existing Home Sales.
Let's see what happens.
Disclaimer: The ETF Digest maintains active ETF trading portfolio and a wide selection of ETFs away from portfolios in an independent listing. Current positions if any are embedded within charts: Lazy & Hedged Lazy Portfolios maintain the follow positions: VT, MGV, BND, BSV, VGT, VWO, VNO, IAU, DJCI, DJP, VMBS, VIG, ILF, EWA, IEV, EWC, EWJ, EWG, & EWU.The charts and comments are only the author's view of market activity and aren't recommendations to buy or sell any security. Market sectors and related ETFs are selected based on his opinion as to their importance in providing the viewer a comprehensive summary of market conditions for the featured period. Chart annotations aren't predictive of any future market action rather they only demonstrate the author's opinion as to a range of possibilities going forward. More detailed information, including actionable alerts, are available to subscribers at www.etfdigest.com.
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