Where’s the Punchbowl?

Europe is trading lower and Asia ended higher and Intel gets tagged for $1.4 billion in fines. One in every 374 homes are in foreclosure and repossessions will spike in the coming months and week to week mortgage apps. are down 8.6%.

Retail sales were just reported and they were worse than expected. Oil inventories are released at 10:30. I don’t know about yours, but my green shoots are turning yellow. Caution.