Positive sentiment continued today in equity markets the world 'round, including in the US of A. All major Asian stock markets finished higher, with Hong Kong's stocks leading the pack. In Europe it was much the same, but with Germany's DAX setting the pace. Higher oil prices along with reassuring words from Fed Chair Yellen deserve a good chunk of the credit, but perhaps the larger factor is the market's apparent reluctance to trade lower.
With oil trading above $50, the Dow Industrials hitting 18,000 early in the session, and the S&P making new 11-month highs, pressure is on the bears now. Our recommended oil stocks are among the leaders today, with both XLE and CVX challenging their April -- and therefore, their yearly -- highs. Interest rates were somewhat lower early in the session, but strengthened a bit during the day. The dollar is down slightly.
The precious metals complex was ... Log in or subscribe to continue reading.