The Economic News This Week Should Be Decent. Stocks Should Be Able To Grind Higer.


The news over the weekend was very light. That will change this week and there are many events that will influence trading. Traders are searching for a catalyst and the Unemployment Report on March 9th could do the trick. Last week, China released its flash PMI. It was under 50, but the decline in economic growth has stabilized. This week we will get the official number and it should be “market friendly”. China lowered bank reserve requirements last week and that will backstop the market. Shanghai might consider softer real estate restrictions and that would also lift spirits. The economic conditions …

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