Monday was a rollercoaster kind of day….up and down and up and down and ending up….near the highs. Down was the general expectation with Friday’s action and Dubai still in the news. But, the Chicago PMI was better than expected. So the markets ended positive after all the mixed messages.
Now remember the last several weeks, Monday the “big” up day and a slow bleed for the rest of the week. Although up today, not by much, so a slow bleed could hurt. And here’s another tidbit, the markets have been down on the first day of December for the last 3 years in a row!
On the other hand, futures and the Asian markets look a bit frisky this evening, maybe itching for a continuation to the upside. China is supposed to come out with its PMI so that may make or break it. And then we come out with Construction Spending, Pending Home Sales and Auto Sales. So let’s see where the news takes us.





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