Richard's Thoughts: What's Happening Now
After a solid week or more of getting slaughtered, and a week of recovering therefrom, the bulls spent much of the day in the US mulling around, seeking direction. Not so overseas, where the Asia Dow gained 0.12%, and the STOXX 600 rallied a strong 1.09%. Latin American markets were mixed; Canada's TSX rose 0.33%.
Government bonds rallied around the world. In the US, the 10-year note finished up 3/8 of a point, with a 2.866% yield. After four days of gasping for air, the US dollar index rallied, up 0.64% to 89.15.
Metal prices were mixed. Gold lost $5 and silver fell a big 15 cents, while platinum was up $4 and copper was up 2 cents. Go figure... And despite overall strength in stocks today, XAU fell 2.6% to 83.23 and GDXJ fell 3% to 32.52. Crude oil rose half a percent to 61.63.
News that Robert Mueller has indicted 16 ... Log in or subscribe to continue reading.
Premium Content Notification
A subscription is necessary to access premium content.
Please use the button below to subscribe in order to access all premium articles