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Richard's Thoughts on More Record Highs

Daily Recap

Today ended up being sort of a snoozer instead of providing some fireworks as I had expected. Asian stock markets sort of wandered around, and European shares traded mostly lower; the STOXX 600 gave back 0.4%. US equities didn’t show much differently, closing mixed, with the Dow and S&P 500 down just a very few points and NASDAQ up a few. 

 

In the US, negative news came from weak energy companies (crude oil lost just over 1% today) and a slowdown in GDP. That, in turn, helped the bond market – but not much. The 10-year T-Note gained a few 32nds, its yield dropping slightly to 2.482%.

 

Currency trading didn’t provide much action either, as the US dollar index gained a tiny 0.08 points. On a lot of people’s minds is the prospect of a trade war or some other form of economic nastiness between the US and Mexico. Meanwhile, Britain’s ... Log in or subscribe to continue reading.


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