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Richard’s Thoughts on the Impossible Happening

Daily Recap

Foreign markets again dropped on fears of a US/N. Korea war, while US shares were less concerned and rallied after yesterday's big tumbles. The Asia Dow lost 1.17%, with Chinese and Korean shares dropping even more. The STOXX 600 again fell 1% for its biggest losing streak in nine months.

Bonds rallied on weak inflation numbers, as rates fell for the third day. The 10-year note now yields 2.167%. The US dollar index fell as well, down 0.35% to 93.06.

Gold and black gold rallied; gold up $5/oz. and crude oil up 15 cents/bbl. Silver was unchanged and platinum rose $6. XAU finished essentially unchanged.

At week's end, the Industrials finished at 21,858, up 15 points. The S&P was up 3 points and the NASDAQ regained 40 of yesterday's lost points.

 

Richard’s Thoughts on the Impossible Happening

Richard’s Comments

 

Many years ago, when I was still living in NYC, I had a subscriber, a Swiss man named Jay Pfister. ... Log in or subscribe to continue reading.


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