The big move in the market today was a big gain by a strong Dollar. Stocks decided they had gone too high, too fast, and gave up 187 of their recent gains. Have we just seen the top of the market??? Let’s wait to see. Maybe, and maybe not. If the market rallies tomorrow, today’s [...]
Stocks were up all day, but closed at their lows – basically a sideways day again.
Bonds gained in value (decreased in interest rates) as profit taking and squaring of shorts moved bonds. Higher interest rates appear to be with us for some time.
The Dollar lost over 1 cent against the Euro today, and is testing [...]
Stocks, the Dollar and Gold went sideways today – kind of boring.
Bonds hit another near term HIGH today as the US Treasury auction didn’t go that well. Higher interest rates coming – see stories below.
Oil and gasoline also hit a near term HIGH today as oil is now over $71/barrel.
In the news today…..
Supreme Court doesn’t [...]
Yesterday, the market was up 1 point, and today it was down 1 point. Everyone is going to sleep.
Yesterday, the 10 year Treasuries were up 0.03%, and today they were down 0.03%. Snore, snore, snore.
The Dollar was awake, and lost almost 2 cents today against the Euro.
Oil and gasoline are setting new near term HIGHS [...]
All the markets moved sideways today.
It’s the trends that count today. The trend for the Dollar was up – it strengthened. The trend for oil, gasoline and gold were down – they all fell.
Bond interest rates went up again today, and this is the most significant trend in America today. BEWARE of this trend.
In [...]
Stocks moved sideways today concerned and pleased at the same time about the Unemployment Rate.
Bonds lost value again, gaining to a NEAR TERM HIGH interest rate in the 10 Year Treasury Note. Interest rates are making the most noise right now, and the “bond vigilantes” appear to have returned from the Reagan era. The real [...]
Stocks were up 75 today on no news really. Bonds and Gold moved back to the position they were in 2 days ago. The Dollar moved sideways.
Oil and gasoline hit 7 month highs – UGH.
In the news today…..
Jobless Claims – were 621,000 last week. This was a 4,000 improvement, but 4,000 is a drop in [...]
Stocks fell slightly today – not much to report.
Bonds gained today, i.e. fell in interest rates.
The Dollar gained a massive 2 cents against the Euro – we are starting to see profit taking on the recent run up on the Euro.
Gold fell 19 dollars, and this is profit taking too.
Oil and gasoline fell, and this [...]
Stocks were sideways, a little up, a little down, all day.
Bonds fell a little in interest rates.
The Dollar was the big mover today. It lost a large amount against most currencies, especially the Euro.
Oil, gasoline and gold all went sideways. Gold had a slight upward bias.
In the news today….
Banks Raising Money – and [...]
Stocks soared today, up 221 points, on the news that the recession is over, birds are singing, and world peace has broken out.
Bonds, on the other hand, increased interest rates by 0.25% on the 10 Year Treasury – very bad news indeed. What could this sudden increase in bond rates mean???
It could mean that the [...]