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Status Quo Est Eximio

Daily Recap

Markets were mixed worldwide, and weaker in the US. Asian exchanges were about evenly split, up and down, while the STOXX 600 rose 0.17%.

In the US, warlike comments from the president cast a shadow over things, but stocks were only down modestly. At the close, the Dow Industrials were 33 points lower, the S&P down 6, and the NASDAQ had fallen by 13 points.

Strong employment data raised fears of rate hikes by the Fed, sending bonds lower, and both yields and the dollar higher. The 10-year note finished at a 2.268% yield; the dollar rose to 93.64, up 1/4%.

Precious metals rallied in the afternoon. Gold rose $2, silver gained 18 cents, and platinum added $3. XAU followed stock prices lower, down 0.3% to $81.71





Status Quo Est Eximio

By Jon S. Strebler 


If I remember my one year of Latin studies in 8th grade correctly, this means something like: Everything’s pretty good right ... Log in or subscribe to continue reading.

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