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New Time, New Paradigm?

Daily Recap:

Not much new today, folks.  Stocks and the dollar are up, bonds and gold are down, for about the same reasons as every other day since the election. 

 

Asian stocks were mixed, with Chinese shares lower and Japanese shares higher.  European markets traded up mostly, despite the assassination of Russia's ambassador to Turkey; the STOXX 600 gained 0.4%.

 

The US dollar index is again trading above 103 and crude oil is still above $52/bbl.  Bond yields are up, with the 10-year Treasury at 2.563%

 

The stronger dollar and higher interest rates continue sucking the lifeblood from gold.  It is down $6 to $1132, although silver is unchanged and platinum is up $5.

 

At the NY close, the Dow finished 92 points higher and within easy striking distance of 20,000.  Other indexes performed similarly.  With the holidays fast approaching, watch for gradually lower volume and fewer significant moves, barring any big surprises. 

 

 

 

 

 

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