The Closing Look

Stock Market Commentary:
Stocks fell hard again on Thursday after China’s stock market was halted for the second time this week. In early afternoon trade, Reuters reported that China’s central bank is under increasing pressure to let their currency (the yuan) fall sharply by as much as 10-15%. Earlier today, China also suspended their new circuit breakers that were introduced on Monday to stem the selling.

Gary’s Thoughts: Bounce attempt. Bounce failed. Will try again tomorrow. But leave no doubt, it’s getting ickier. Will have much more for you later tonight.