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Richard's Thoughts on the Bull Market

Daily Recap

On a mostly featureless day (little exciting news), world equity markets moseyed modestly lower. That included the US market, where the NASDAQ once again edged higher, even as other indexes were lower.  Thus, the Global Dow lost 0.09%.

Earnings came in mostly to the good, as did the Chicago Purchasing Manager's Index and consumer sentiment. The economy grew less than expected in the first quarter, though − up 0.7% against predictions of 1.2%. But there's no war in N. Korea, LePen hasn't (yet?) been elected, and proof of the Trump administration's connections to Russia is still MIA, so it's all good. 

The Dow Industrials finished the day down 41 points or 0.19%; the S&P lost 5 points, also 0.19%; and the NASDAQ faded into the close, actually finishing lower on the day − down 0.02%.

Bonds traded gently higher, the 10-year note ending the session with a 2.28% yield. Crude oil ... Log in or subscribe to continue reading.


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