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Richard’s Thoughts on Managing Risk

Daily Recap

Stocks were indecisive today, as they stumbled around trying to parse what the heck the future offers. A big drop in oil prices, as Russia and OPEC plan to increase production, drove energy stocks down hard, creating a drag on the Dow Industrials and the S&P 500.

Flopping around by N. Korea and the US regarding the on again, off again, "Doesn't-anyone-know-what-the-heck-they're-doing?" summit provided a confusing background for Asian markets. The Asia Dow fell 0.45%. In Europe, German and UK strength helped the STOXX 600 overcome weakness in other Continental markets, leading it to a 0.14% gain. In the US, the Industrials and S&P 500 were down somewhat all day long, but the NASDAQ was up modestly all day. 

Once again, fixed income securities rallied, taking the 10-year note's yield down to 2.928%. Stronger world economies saw good gains in their bonds as well, though countries like Argentina, Italy, and Spain ... Log in or subscribe to continue reading.


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