The Traderszone Network

Treasury prices rise as components within a report on durable goods orders come in weak.
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The S&P 500, considered to be the a leading indicator of U.S. equities, is flawed, according to one of the U.K.’s most successful hedge fund managers.

Are the technicals and the fundamentals setting gold up for a grim picture? Maybe not.

What you need to know about today’s stock market.

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The Commerce Department said on Friday durable goods orders increased 0.7 percent as demand increased from transportation to machinery and computers and electronic products. “This is consistent with broad, increasing demand throughout the economy,” said Gus Faucher, senior economist at PNC Financial Services in Pittsburgh. Non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, rebounded 1.4 percent after declining 1.2 percent the prior month.

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McDonald’s Corp has suspended sales of chicken nuggets and other items in Hong Kong after it said it imported products from Shanghai Husi Food, the U.S.-owned Chinese company at the center of a food safety scare in China. McDonald’s said it imported certain products from Shanghai Husi between July last year and June this year, although no food items from the Shanghai supplier remained in stock.

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How do you put John Wayne’s gun-slinging bravado into a whiskey?
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