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Don't Forget Japan

Daily Recap

Asian stocks mostly carried yesterday's booming US share prices higher again, as did European shares.  Europe had the added positive of the ECB deciding to stand pat on interest rates and continue its Quantitative Easing for at least another 12 months.  On that news, the STOXX 600 rose more than one percent.  All major exchanges in the Americas, save one - Brazil's IBOVESPA - moved up again as well.

In the US, it was more of the same: optimism about the Trump economy, with many billions of dollars still joining the party almost daily.  At the close, the Dow Industrials set a new record (yawn) at 19,615.  It was joined by - oh hell, every other indicator, as this bull market just plows ahead.  

Bonds failed to see the good news here, losing value but jumping in yield.  The 10-year note finished at a 2.397% yield.  Precious metals also lost out today; gold ... Log in or subscribe to continue reading.


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