Cusick’s Corner 06-07-2012
Late day headlines of the Fed potentially conforming to Basal III guidelines pressured Financials, XLF, and then ramped up some potential profit taking in the last hour. While the downgrade of Spain was negative, it was not a market mover. Trade deficits will be in the headlines early tomorrow, and the recent strength in the Buck the last month should reflect weaker exports and could be yet another signal of slowing or slower growth. This will also get traders making … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards