Richard’s Thoughts on Anxiety and Manipulation

Daily Recap

Yet another quiet day ended a week that should, or at least could have, featured big swings due to political developments

In Asia, stocks were very quiet, with the Asia Dow losing a negligible 0.08%. European shares moved moderately higher, resulting in a 0.31% increase in the STOXX 600 index, as Germany's economy outpaced the US recently. Marcon's victory in France hasn't hurt either, as investors are more comfortable now in pouring money into the Continent, including $6 billion this week.

In the US, stocks were mostly lower most of the day, as was the US dollar (down 0.42% at 99.22).  Unexciting economic news again on retail sales sent the Industrials down 38 points with a few minutes remaining in the session. As is often the case, the S&P followed the Dow lower, while the NASDAQ was trading up a few points.

Despite a sharp drop in prices after midday, crude oil prices rallied ... Log in or subscribe to continue reading.