Stocks jumped 104 points today on the news that the Treasury Bond auction went okay. Why did it go okay?? Because the interest rates had already shot up over the past 2 days.
Bonds moved sideways, and the Dollar lost a little ground against the Euro.
Oil and gasoline continued their climb upward. You can definitely count [...]
Stocks slumped in the afternoon, down 173 points – and this was caused by something new = concern. Concern about the increasing interest rates being shown in the Treasury market. This is a sign that the government requirement to sell new Treasuries is having a very negative affect on interest rates, and this will kill [...]
Stocks soared today – not being intimidated by the N. Korean A-bomb test and missile launches – and hanging its trend on the Consumer Confidence numbers.
Bonds are now hovering at 3.5% for the 10 Year Treasury. This is a 1% increase in interest rates over the past 6 to 9 months. I consider this a [...]
Happy Memorial Day EconomyGuy readers.
Below you will find three graphs – Gold, the Norwegian Krona and Money Supply.
Gold – the first graph is the 2 year price history of gold, and it shows the clear, recent breakout of gold from its trading ranges.
Norwegian Krona – The second graph is multi-year graph of the Norwegian [...]
Stocks traded higher most of the day, but ended down abruptly at the close, ending down 15 points.
Bonds and the Dollar fell dramatically in value as the threat to downgrade the UK government bonds brought grief and worry to anything to do with the US government – like its currency and its bonds. Bonds [...]
Stocks fell from the start today, ending down 130 points. There was basically no stock moving news today, so yesterday’s poor FED pronouncements kept downward pressure on the market (all of them around the world.)
Bonds fell a lot today (increased interest rates). This is a bad sign of upcoming inflation.
The Dollar got hammered again [...]
Stocks were up 100 points at the start and most of the day, but ended down 53 points.
Bonds rallied (lower interest rate) as the FED intervened in the 7 year Treasury auction and bought themselves.
The Dollar went much lower today, but I’m hoping it turns around tomorrow and starts coming back stronger – we’ll see.
Gold [...]
Stocks moved sideways today, and bonds continued their loss in value (increased interest rate).
Gold moved sideways as did the Dollar.
Oil and gasoline continued going up, and the folks who manipulate the gasoline market are alive and well. Gasoline is going up much faster (as a percentage) than oil.
In the news today…..
Housing Starts – dropped to [...]
Stocks soared today on Lowe’s good performance, and housing sentiment. (Neither is a good reason to soar, but they are the reasons that the stock market follows.)
Bonds fell (increased interest rates) today significantly.
Gold and the Dollar went sideways today.
Oil and gasoline drove higher, and are threatening higher energy prices across the board to all Americans. [...]
Stocks and bonds went sideways today mostly.
The Dollar had a large jump in value.
Gold continued its breakout today with a small gain.
Oil and gasoline fell, as traders started to believe that we aren’t out of the woods yet, and the recession will continue to mean weak demand for oil.
In the news today….
CPI – was unchanged [...]