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Labor Market Changes Continue

Daily Recap

All eyes are on the Brits and Brexit today, along with Fed Chair Janet Yellen's latest thoughts.  Groundhog Day style déjà vu, in other words.  But the vote is tomorrow, so people are extra nervous and reluctant to take strong positions, including Yellen.  Besides concern over the Brexit issue, she continues to back away from a "strong economy in need of further interest rate hikes" scenario, now talking about "whether" the economy strengthens rather than "when" it does so.


Asian stock markets were mixed today, European markets up modestly.  South American markets are down moderately, North American stocks are mostly higher.  Crude oil is down half a dollar, the dollar index is up half a percent, and Treasury yields are higher across the board.  


The market getting hit hard today is gold, along with its little buddies silver and platinum.  As New York trading draws to a close, gold is down ... Log in or subscribe to continue reading.

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