Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Monday, the 17th of September.
Looks like it's the same ole news coming out of Europe.
A meeting of European Union finance ministers in Cyprus over the weekend resulted in a deadlock over how the region plans to combat the debt crisis, with leaders unable to work past their differences on a banking union, the role of the European Central Bank and the conditions of bailout requests.
Corporate earnings are also weighing on the markets today. Earnings are expected to fall short of expectations in the third quarter and then stage a a fairly dramatic turnaround the rest of this year. Some analysts believe the rebound will last into 2013.
Now, let’s go to the charts and our Trade Triangles and see what’s happening.
