It would seem to me that the Fed has now caught themselves in a Catch-22 situation.
Todays report of a 3.7 GDP number for the 2nd Quarter runs contrary to any notion that there is no urgency in raising rates by 25 basis points next month.
Furthermore, if the CBO's revised number for 2015 at 2.0 is correct, it would seem to indicate that the only way to be able to average down to that level would mean the 3rd and 4th Quarters will be dismal with many companies missing their estimates.
You can't have it both ways!
The reason you are seeing or should see a rally at open is because China cut rates over night and added liquidity
However, futures early morning was over 600 points on the DOW, but now has dropped to the 300 level.
What the day brings is any ones guess!
Your comments have a slightly negative tone to them
The US prints $6 Trillion in new money and yet the Dollar remains the strongest boy on the block....I guess that says something about the other economies around the world.
The Feds need to raise the interest rate and get on with it.
In retrospect, probably a good thing the US was unsuccessful in making Puerto Rico the 51st state.
The current Hon stock price is were I cashed out....LAST YEAR
Good Luck with your purchase!
I think you have to connect the dots as to how our markets react
Greece bank failures affect EU banks and they affect US banks.
Whatever happens will have some consequence to the value of the US dollar in relationship to other currencies... if the dollar gets stronger then companies such as Hon ad GE continue to suffer.