This morning’s gap lower had a distinct “here we go, again!” feel to it. However, the bulls were able to quickly step in and drive us up fifteen handles on the S&P 500 at the time of this writing. The transports are exuding relative strength again, as are the healthcare and defensive stocks. Keep an eye on trucker JBHT here.
Also, be sure to check out Downtown Josh Brown (@ReformedBroker)’s latest venture at TheStreet.com, called “Side Street.” Josh has been kind enough to include me in a group of financial bloggers that he features.
Today, he is featuring the post that I wrote yesterday on Caterpillar. Be sure to check it out by clicking here.Twitter