There will not be a Mid-day Update today, Economic Week in Review or Market Week in Review. I will be traveling over the weekend and will try and post the Weekly Outlook and Monday Watch on Sunday evening.
Bottom Line: The Portfolio is up substantially today as my retail shorts are falling and Chinese ADR longs are rising. A few of my long stop-losses were triggered this morning, leaving the Portfolio 25% net short. The market's reaction to today's fall in interest rates is very disappointing. I expect stocks to move slightly higher into the close as investors digest the recent fall in rates and oil stabilizes.
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