Aug 23 - Investors are tapping the brakes on the summer rally after hopes for more Fed firepower were dashed by comments from one top Fed official.
It looks like investors are tapping the brakes on this summer rally now. They'll spend Friday picking up the pieces after hopes -- and -- fire power where gas by -- top fed official. And results all three major it if he's hanging in the red on the outside the S&P is still clinging to not psychologically important 14100. Mark. One bright spot apple still looks on in the run up to its potential new iPhone release in September it close about ten dollars below its all time high. Markets are hungry for updates on the health of the recovery will have once got to -- -- Durable goods. I have arts and expect it thirteen in a row thanks to Boeing seeing a surge in new ordered but -- -- that unpredictable number and defense spending the picture looks pretty flat. Manufacturing is still suffering from the bottom of the eurozone debt crisis and fiscal uncertainty in the US. And from volatile markets too volatile weather. Keep an eye on that trajectory of tropical storm I think it's sad to turning into a hurricane and hit Florida on Monday that's also when the Republican National Convention kicks off in Tampa. Authorities have not ruled out the possibility of postponing or relocating the events there's also a 50% chance of I think moving into the gulf destructing heat oil and gas production. And they -- -- TV an insider for more expert analysis on the big market mover. Check out Reuters YouTube net -- dot com -- British TV and -- -- us on Twitter at Reuters Insider. I'm Heidi mom this is greater is.