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Don't Panic

Daily Recap

Yesterday FBI Director James Comey announced that the bureau stands behind their prior decision not to recommend charges be brought against Hillary Clinton.

 

This immediately sent futures markets higher and the gains carried into today's trading, where markets around the globe moved higher.

 

Just about every index in both Europe and Asia was in the green. The Stoxx 600 rose 1.53% while China's Shanghai Composite rose a quarter percent and Japan's Nikkei was up 1.61%

 

In the U.S., stocks closed at their highs of the day. The industrials added 371 points with the Transports doing even better, up 3.16%. The Nasdaq and S&P 500 also rose over 2%.

 

A stronger dollar hurt precious metals, but didn't seem to affect oil, which rose 1.86%. Gold lost $25, silver fell 22 cents and platinum declined $3. Miners had a rough day as well, down 2.7%.

 

Treasury markets also sold off, with the 10-year note rising to 1.83%.

 

 

Don't Panic

By Matthew Kerkhoff

 

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