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Richard’s Thoughts on Buying Values

Daily Recap

US stocks were quiet on “quadruple-witching” day, when all kinds of key options and futures expire.  Traders were also cautious in light of an important G-20 meeting in Germany, the first major financial sit down since the new Trump administration took control.  Asian stocks had traded mostly lower, while European shares struggled to make gains and finished up 0.16%. 

 

Crude oil and the US dollar index flopped around, ending with just tiny gains.  Bonds staged a modest rally, with 30-year Treasuries up ¾ of a point, and the 10-year T-note up 11/32, its yield falling to 2.502%.  

 

Precious metals were fairly quiet as well.  Gold finished near the day’s lows but managed to hang on to a $3 gain.  Silver finished near the highs in a narrow trading range, up 7 cents.  Platinum gained $7.  Mining shares were down, with XAU losing 0.8%.

 

The overall US market was mixed.  The Dow and the S&P 500 were both down, minus 20 and ... Log in or subscribe to continue reading.


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