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Bill & Ted’s Excellent Adventure Reincarnated!

Daily Recap

US stocks tried their best to break the longest streak (8-days) of daily losses in over a year, but just couldn't pull it off.  The Dow Industrials were under water all day long, and gradually dragged the general market lower with it today, unlike in the past.  That should mean another down day tomorrow, but we'll see.

The main issue was again that of tariffs and trade wars.  The Asia Dow lost 0.46% and the STOXX 600 lost 0.90% over that concern.  In the Americas, it was all red as well, with even Brazil down 2.8%.  

Gold took yet another hit, down $5 to $1268/oz.  Platinum fell another $7, but silver was up a couple of cents.  Copper and crude oil were both about unchanged.  XAU declined slightly, down 0.4% to 80.90.  

Money that came out of stocks and gold mostly found its way into fixed income securities.  The 10-year note gained 11/32, its ... Log in or subscribe to continue reading.

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