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Optimistic Long Term Visions

Daily Recap

Markets remained calm in the aftermath of the dramatic firing of James Comey.  Earnings and what the Fed thinks - that's about all people are interested in. Asian markets were higher, up about half a percent overall, despite concerns about Chinese liquidity issues. European shares were down half a percent, on the other hand, per the STOXX 600 after scoring 21-month highs recently. Euro strength was a culprit, as it makes European exports less competitive.   

Crude oil prices were able to rally further, to $47.80, on a drop in US inventories. Natural gas did even better, trading at 3-month highs. Precious metals followed along. Gold gained $6, silver rose 12 cents, and platinum added $6 near the closing. XAU was up another 2 1/2% to 83.68.  

The dollar was quiet, down a mere 0.04% to 99.64. Bonds rallied slightly in the US, but were mixed elsewhere. The 10-year note yielded 2.393% coming ... Log in or subscribe to continue reading.


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