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Whither the Dollar?

Daily Recap

Markets were calm and quiet following the historic meeting between Donald Trump and Kim Jong Un, which was seen as a win for both leaders, and cause for cautious optimism going forward. Stocks were mixed to higher in Asia, and mixed to lower in Europe – but only modestly so in all cases, as attention on all markets turned away from Singapore and to upcoming comments out of the Fed, the Bank of Japan, and the European Central Bank.

 

The Dow opened higher, but then spent the whole day bouncing back and forth around yesterday's closing value; it finished today just 2 points lower than yesterday. In contrast, the S&P was higher most of the day, and finished up 0.17%. The NASDAQ was even stronger, up 0.57%. Small caps were up just marginally, and the breadth was all but tied, with 1,461 issues higher and 1,482 lower.

 

Fixed income markets saw no ... Log in or subscribe to continue reading.


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