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  • World Bank cut its economic growth forecasts

World Bank cut its economic growth forecasts

randholm
January 14, 2015 9:37 pm / Published in Nasdaq, SPX

World Bank cut its economic growth forecasts

We finished with a positive note.  The Nasdaq was stronger than the SPX noticing the bulls apetite for tech stocks in Jan ’15.

 

Indexes fell after the World Bank cut its economic growth forecasts. Disappointing U.S. retail sales data pushed Treasury yields lower, while the dollar dropped against the yen. Oil jumped on technical buying ahead of options expiration and gold edged lower.

 
SP500 RSI Jan 14

 

 

The second chart is from DataStream: US Retail Sales 2015

Retail Sales Jan '15

 

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