Today was another of those "risk off" days, which is one of those de rigueur terms never heard of until the last couple of years. Red was appropriately the color of the day for equities, green for fixed income. The excuse du jour was concern over trade disputes (tariffs), though one has to think the elephant in the room of White House chaos can't be helping. In any case, Asian shares were lower, that "Dow" losing 0.43%. European shares were more blasé about the situation, the STOXX 600 down a mere 0.15%. All major North and South American markets were lower, but with the US exchanges the only ones really getting hammered.
The metals weren't sure what to make of it, especially with their own problem of trendlessness. Gold lost $1/oz., silver fell 3 cents, platinum down $3, and copper about unchanged. Mining shares didn't go anywhere either, nor did crude oil.
Interest rates eased, as stock sellers ... Log in or subscribe to continue reading.
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