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Richard's Thoughts on "How I Became a True Believer"

Daily Recap

US markets survived Super Thursday and James Comey's Senate testimony which, by today, had Congress reacting mostly along party lines, at least buying the president and Congress more time to push through legislation. Wall Street is heartened by that development, plus progress made this week on health care, and so US shares advanced higher. Until the NASDAQ didn't, dropping sharply in profit taking.

Following the dramatic election results in Britain, the pound tanked, down about 1 1/2%. The dollar was steady elsewhere, its index closing at 97.28. Bond markets were also steady today.

Precious metals took another good hit, with gold down $9, silver down 20 cents, and platinum $15 lower. XAU gave up 1.5%.

At the close, the Industrials were up 89 points, but the S&P was down 2 and the NASDAQ had lost 114 points or 1.8%.


Richard's Thoughts on "How I Became a True Believer"

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