Click Here to Subscribe Now! Try a 3-month trial for only $68 Let's Connect:    

Good Times, Bad Times

Daily Recap

World stock markets turned in a strong performance today, starting with modest gains in Asia.  European markets carried the move forward, with London up 0.9% and Germany up over 2%.

 

Then US markets opened, and trended higher throughout the session, closing on their highs.  The Dow Industrials were up over 300 points, with the S&P up 2.4% and NASDAQ up nearly 3%.

 

The source of today's euphoria?  A more tangible sense that world oil producers will actually reign in supply, based on comments out of Russia and a number of other big producing countries.  Crude oil finished well over $34/bbl., leading oil company shares to one of their best days all year.

 

On top of that, US investors were encouraged by a report from the Institute for Supply Management that American manufacturers were doing worse, but at a slower rate than before.  And this passes for good news?  Well it does - when ... Log in or subscribe to continue reading.


Premium Content Notification

A subscription is necessary to access premium content.

Please use the button below to subscribe in order to access all premium articles