Daily Delphi

Post: Tuesday's Trade | Daily Delphi

BlogsPit Talk › Tuesday's Trade August 27, 2013, 6:50 am

MONDAY RECAP (yawn)
Durable goods orders took a tumble in July. Down 7.3%, that's the biggest decline since August 2012. Following Friday's sad new home sales the markets seemed poised to drift upward - thinking the Fed will have to kick the can down the road on tapering. Midday Secretary of State John Kerry said evidence "strongly indicates" that Syrian forces used chemical weapons. That triggered a light sell off in the markets that brought everything down for the day.

TODAY'S ACTION
10:00am ET Consumer Confidence
Forecast 77.0 Previous 80.3
Something to watch. But remember, we're still sailing through the horse latitudes of summer so probably not going to stir things up too much. Happy trading.


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