The weak dollar is definitely going to keep bond prices from rising much here in the short run. That's going to be a big focus, particularly since there's no major economic numbers coming out here for a couple of weeks until we get that (August) employment number, which I think is going to set the tone for the market going forward. |
We're in a scaling back mode after two or three weeks of gains. We need some kind of strong economic report to push us higher. This may go on for a few sessions, but the fundamentals overall are good. |