The stream was abuzz with Consumer Confidence numbers, $AAPL iPhone rumors, and an underlying caution amongst some more sophisticated traders. Here’s the morning buzz:
Consumer confidence came in a little weaker than some whisper numbers. As tax returns come in, I would expect the consumer to feel a bit more confident:
Hotels have been strong lately. Along with retail this flies in the face of those bearish on the consumer.
$GLD has been range-bound all year thus far:
As the rally is reaching later innings there was a air of caution on the stream this morning amongst some sophisticated guys. @ReformedBroker points out that the end of quarter window dressing is something the bulls desperately need,