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Retail Apocalypse Is Upon Us

Daily Recap

US shares are struggling today, even as their foreign counterparts had a generally good session.  The Asia Dow rallied a nice 1.09%, with Chinese and Singapore stocks leading the charge.  European shares were very calm, with the STOXX 600 up 0.02%, and all major exchanges up or down less than 0.2%.  Mid-day, all American markets were down, some just a little and some more than that.  US shares opened down a bit, rallied back to yesterday's closing levels, but were losing ground quickly by mid-session.

Bonds slipped again today; the highest expectation of increasing inflation in 3 years has affected them negatively, as it also had affected stocks.  The 10-year note is yielding above 2.9%, the note's price again down more than a quarter point.  And the dollar is higher again today - up 0.25% at 89.59.

Precious metals have sent different messages.  Silver is still riding its breakout enthusiasm, up a dime or ... Log in or subscribe to continue reading.


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