Global markets followed Wall Street up ahead of the Christmas close, Tuesday. With very little news to go on in Europe, London started the morning well. But the retail sector may turn out to be a disappointment as the stormy weather has kept consumers out of the shops in those crucial final shopping days of the season. Private equity firm Blackstone pulled off one of the biggest property deals since the financial crisis, selling London's Broadgate to Singapore's sovereign wealth fund.
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How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.