Mark Ups Trumped by a Much Needed rest, So Far

It looks like to us mark ups are being trumped by a much needed market rest. 

Yom Kippur a Jewish Holiday on Monday along with a much needed rest may lead to a squishy market for the next few days. The housing market gave us a slightly lower data point surprising many earlier in the week.

Again, markets cannot go straight up, and certainly are due a rest.

Earnings season is only a few weeks away, and we will get clarity on how things in the US Economy are doing at that point. Bear in mind, buyouts are happening, as well as a few random IPO (Initial Public Offerings) which is often a good sign for the economy and the capital markets.

JK