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Richard's Thoughts On Tips, God, Bull Markets & Corrections

Daily Recap

Investors’ focus remained on the US House’s health care plan, brought to you by President Trump and Speaker Ryan. Stocks were up earlier on hopes of the bill passing today, then sold off on rumors that the bill had been pulled and would not be voted on, leaving Obamacare as the law of the land. Other reports said the vote had merely been postponed again. 

 

US bonds rallied during today’s session, sending their yields down somewhat. The 10-year note finished at 2.402%. The dollar was even quieter, its index trading unchanged from yesterday at 99.76. Crude oil prices gained, finishing at $48.02/bbl. 

 

Overseas, Asian markets were up moderately, with the S&P Asian index up 0.8%. European stocks were mixed, as the STOXX 600 closed down 0.18% 

 

Precious metals had yet another decent day. Gold rallied $2, silver rose 18 cents, and platinum was up a buck, overall leaving the metals with solid gains ... Log in or subscribe to continue reading.


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