Richard's Thoughts On Responsibility
Investors continued to evaluate the changed financial environment in light of the historic Donald Trump presidential win. Optimists speak of weeks or months of further cash inflows going towards equities, and therefore lots of upside potential for US shares. Others expect the "Trump rally" is about spent now.
Either way, the Russell 2000 index and the NASDAQ hit new intra-day highs, but with most indexes finishing modestly lower. The Industrials lost 36 points, the NASDAQ 12 points, and the S&P 500 lost 3 1/2 points. Big losers today included our mining shares and emerging market shares, while our energy stocks advanced.
The dollar was on a lot of people's minds, as it closed above 101. As mentioned previously, this gives the dollar the technical green light to move much higher in the months ahead. Gold and silver weren't thrilled by this prospect, and finished down $8 and 4 cents respectively; platinum fell ... Log in or subscribe to continue reading.
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