Stocks moved absolutely sideways today, as well as the entire week.
10 Year Treasury Bonds gained a small amount of interest rate back, ending still over 4% at 4.05%. However, this week showed that 4% 10 year bonds are here now – so get used to it. Mortgage rates have already started their inevitable upward trend.
The [...]
Stock were boring again today, just up 52 points.
Bonds were where the action was. There was a technical breakout with increasing interest rates, and the 10 Year Treasury hitting 4.07%. News on why this happened below.
Oil fell over $4 today as the worries in supply evaporated, and the speculative longs got covered. Not so much [...]
Stocks did nothing today, but ended up slightly.
Bonds said everything. They ended over 4% – something I predicted a few weeks ago. This is the real news. This means that inflation is here, and watch out. Interest rates are going higher. Mortgage rates should start moving up in sympathy.
Oil and gasoline bounced back after their [...]
Stocks moved up slightly today, up 69 points. Bonds lost value ending up in interest rate at 3.92% – showing a concern for inflation, and the bond supplies coming on line the next 2 days.
Oil was the big story, dropping over $3 – this is great news if it is the first step in the [...]
There is no doubt now. This was a down week for stocks. And, and up week for oil, gasoline, gold, and non-dollar currencies.
Bonds just moved sideways.
Happy Memorial Day. There will not be an economyguy on Monday.
In the news today….
The inventory of Unsold Homes is currently 10.7 months worth of homes. Sale of existing homes dropped [...]
After the big shake up in the last two days, all markets decided to rest a little and some took some profits.
Bonds were the exception. Oil-led inflation drove interest rates up 0.10% to a near term high.
In the news today….
Home prices fell 3.1% in the first quarter of 2008 on an annualized basis. This was [...]
While yesterday was boring, today was very exciting. Stocks got clobbered by the FED announcement today, and ended down 223 points. Bonds could not hold onto their gains from yesterday, and gave them all up today, as bonds worried about the FED inflation statements.
Oil and gasoline set new highs today, and that is BIG NEWS. [...]
Stocks took their lead from Microsoft’s failure to purchase Yahoo. The market was down all day, and ended down 89 points.
Bonds did not change an iota. They still think inflation is coming.
The Dollar weakened a little today, but we’ll really have to wait until later this week to see if the dollar is going up [...]
Stocks were up and down, and ended up 48 points. Not much new there.
10 Year Treasury Bonds on the other hand bolted upward in interest rates to 3.85%. This has fought back to levels where inflation is the order of the day, and interest rates reflect that fear. You should too.
The Dollar continued its strengthening.
Oil, [...]