Market Update - July 17, 2014
This morning we are seeing some mixed markets after a strong close yesterday. While earnings of some big names helped prop the markets up yesterday, today there are concerns about the possible sanctions in Russia, as well as a the latest report on housing starts , which fell a bit in June. Beyond the sanctions currently imposed (roughly 10 companies), the worry is that moving forward, economic relations could deteriorate further. Putin has stated that relations between the US & Russia were nearing a “dead end”, which could have a negative impact on current US business interests in Russia.
We did see some positive news in the jobs market, which showed a decrease in the applications for jobless claims.
Coming tomorrow, you can expect the latest reports on Consumer Sentiment and Leading Indicators, as well as continued earnings reports.
Here in Montana, our sunset time has finally peaked, and starting tonight you will notice sunset coming before 9:00 p.m. A good reminder that it is a great time to get outdoors and take advantage of all that Montana summers have to offer.