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Richard’s Thoughts on the Bond Market

Daily Recap

The respite from weeks of political and market turmoil continued on Friday, with market participants seemingly happy to let things settle down for awhile. Good news hit the US in the form of new all-time high median home prices, confirmation that something is surely going right with an economy that also features historically low unemployment rates.

 

Stock prices were mixed, meaning that they are still within whispering distance of all-time highs. At the close, the Dow Industrials were down 3 points, the S&P 500 was up 4 points, and the NASDAQ added a big 29 points to close at 6,265. 

 

Foreign markets were thoroughly mixed. In Asia, half the biggest markets were up while the other half were down. European exchanges were almost all lower, and the STOXX 600 was down 0.23%. Toronto and Chilean shares were up more than half a percent on average, while Mexican and Brazilian shares were fractionally ... Log in or subscribe to continue reading.


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