Richard’s Thoughts on Preparing for Tough Times
The first half of the NY trading day was peaceful and unexciting, lacking any significant news. Italian shares stabilized, while the UK's FTSE continued its upside tear, which has been essentially uninterrupted since late-March. The STOXX 600 gained a meager 0.11%, tempered by small declines in France and Germany. In Asia, the Shanghai index fell a third of a percent, but other markets were up smartly, leading the Asia Dow to a 0.71% gain. Latin American markets were quietly mixed.
Continuing the theme of quiet calm, interest rates are nearly unchanged. So are the precious metals. And oil, and currencies. US stocks were higher most of the morning, with tech issues the exception and the reason for lower NASDAQ Composite values most of the day.
Stocks sold off when the president announced upcoming health care changes, but quickly rallied back up. The Industrials closed with a 92 point gain, while the S&P ... Log in or subscribe to continue reading.
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