FYI: Take yesterday’s price moves and reverse ‘em. Stocks fell and bonds rose. The Energy Select Sector SPDR Fund (XLE) rebounded from multi-year lows.
One continuation was the serious damage done to media stocks, as Viacom‘s (VIAB) weak quarterly earnings spilled over into 21stCentury Fox (FOXA), Time Warner (TWX), andComcast (CMCSA). That comes on the heels of Disney’s (DIS) disappointing third quarter on Wednesday.
All eyes shift to the Federal Reserve tomorrow with July’s jobs number on tap.
Regards,
Ted
http://blogs.barrons.com/focusonfunds/2015/08/06/etf-market-vital-signs-the-media-is-the-message-stocks-fall/tab/print/
