Richard's Thoughts On Calming Down
Markets slid into Christmas Eve day on low volume and general disinterest. Trump wants to match Putin on new nukes as the two end four decades of going the other way? Sounds good! China warns of a showdown with the US over trade? No problem! In the US, it's "party on, Garth!" as the Dow basically gained back yesterday's loss and traders place bets on which day next week the Industrials will better 20,000.
There was little conviction in Asia, as Japanese and Chinese shares edged lower and Indian shares edged higher. European exchanges were moribund, eyes on something other than the banks and share prices this time of year. All three major US stock indices finished up modestly, perhaps aided by home sales data - up 5.2%, which was more than expected.
Precious metals were also quiet. Gold gained $3, silver dropped a cent, platinum fell $12. XAU rose 1 1/2% ... Log in or subscribe to continue reading.
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