Bonds Talk
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 dramatic fall yesterday. So, what does this mean? Who knows?
Gold fell again slightly to end at $905.
No news today worth reporting….
Here are today’s numbers:
Dow Jones 30 Industrial – 12,594 (up 46 points)
10 Year Treasury Bond – 4.01% (up 0.09%) – NOW OVER 4%
Euro – 1.5646
Gold – $905 (down $8)
Oil – $131.03 (up $2.18)
Gasoline – $3.45 (up $0.06) – gas is hitting a new high at your pump today.
