The Closing Look

Stock Market Commentary:

Stocks fell on Tuesday, led lower by energy, industrial, and material stocks. Financial stocks also fell hard on Tuesday as sellers showed up and continued to relentless sell nearly every sector in the market. Oil prices fell hard on Tuesday and tanked over 11% in the past two trading days alone! That’s a very big decline for a major commodity like oil and tells you everything you need to know about the slowing economy.    

Gary’s Thoughts: If that’s the high of this nascent rally, then this market is in big big trouble. Bear market rallies are supposed to last 4-10 weeks. The lows s. I guess the market has that going for it.