Not much action today, as market participants are once again paralyzed, deer-in-the-headlights like, transfixed by yet another "important" Fed and BOJ meeting. The result is US stocks up modestly, but almost everything else virtually unchanged. Such as:
Europe's STOXX 600 up (or was it down?) a meaningless 0.1%; oil up 14 cents; gold, silver and platinum all a bit higher; the dollar index up 0.15%; and XAU almost dead even on the day.
Just minutes from the closing bell, the Dow is up 45, with the S&P and NASDAQ up comparably. The good/bad news is that this lethargy probably won't last long. Then what???
Good News, But ...
By Jon S. Strebler
According to a Census Bureau report from September 12th, Americans have finally seen a meaningful increase in their incomes. Real median incomes, which continued to drop for a couple of years after the Great Recession ended, rose a sharp 5.2% to $56,516 in ... Log in or subscribe to continue reading.