Stocks slip despite rising consumer confidence - Marketintelligencecenter.com

Stocks slip despite rising consumer confidence


Increasingly volatile oil prices and an unpredictable dollar have overshadowed other market concerns recently, and the trend continues this morning, with the price of WTI crude oil now on its way back down, while the dollar regains strength. After the open, traders are selling this morning. At $48 per barrel, it isn't clear if oil is out of the sweet spot again on the low side, or if traders are simply taking profits after yesterday's rally, or even reacting to longer term concerns over valuation and interest rates. Consumer confidence... Read More



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