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Morse Code in the Age of WeChat

Daily Recap

Following yesterday's traumatic downside reversal, stocks mostly headed lower in Asian markets.  By the time Europe started trading, limited optimism was back and shares headed higher, with the STOXX 600 gaining 0.18%.

The main concern currently is the Trump/Jinping meeting, especially in light of recent developments from and about N. Korea.  The Syrian situation, and tomorrow's anticipated employment numbers are also playing a role.  Those things are enough to keep most investors on or near the sidelines.  After a day of meandering, the Dow closed up 15 points, NASDAQ up 14 points, and the S&P 500 up 5 points.

Oil prices again rallied, as crude closed @$51.69, up 54 cents/bbl.  Precious metals didn't follow, and finished lower across the board.  Gold lost $4, silver a nickel, and platinum $5.  The mining shares were essentially unchanged, as XAU closed down just 0.1%. 

Bonds were quiet, finishing about unchanged, with the 10-year note yielding 2.344%.  The US ... Log in or subscribe to continue reading.


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