Cusick’s Corner 10-05-2012 After Hours
The market did pull off on the close, finishing the day below 1460 on the S&Ps which is the level the bulls would like to see broken and supported. We unofficially enter earnings season with AA and then the Financials will follow later in the week. I will be watching big box eateries, i.e. YUM, CMG, especially since the comments from the Fed noted rising food costs. This could potentially cut into the bottom line this cycle. Have a good weekend.
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