Here are the closing statistics for our key indicators: DJ30 – 12,403 up 8 US Treasury 10 Year Bond – 3.08% down 0.06% USDEUR - 1.4137 Gold – $1520 down $5 Oil – $100.10 down $1.22 The only thing unusual here is the low for the 10 Year Treasury Bond. More risk in the world [...]
Here are the closing statistics for our key indicators: DJ30 – 12.605 up 45 US Treasury 10 Year Bond – 3.17% no change USDEUR - 1.4310 Gold – $1491 down $4 Oil – $98.49 down $1.61 Lots of swings in the price of our indicators. Go no where stocks and bonds. Gold and oil establishing [...]
U.K. economy shrinks — The U.K.’s economy unexpectedly shrunk in Q4, as inclement weather took a heavy toll on the construction and services sectors. GDP pulled back 0.5% compared to the previous quarter, marking the first fall in GDP since Q3 2009. Economists had expected a 0.4% increase on a quarterly basis. GDP was up [...]
All the markets moved sideways today. Stocks are flirting with technical support areas to determine if this market will bounce up again, or die a painful death by losing a significant amount of its recent gains. On the news front, everyone is waiting to see if Congress and the President will be changing course, or [...]
All markets are up. Stocks are benefiting from the holiday season buyers. Bonds are down, and you will be the payer of higher interest rates in the future. The FED is pulling back on their support of interest rates. The Dollar rise has stumbled, and is now looking for new direction. Gold is still falling [...]
Stocks soared today on great earnings from Intel. The herd took that as a sign of our economic recovery – it’s not. Bonds lost lots of value, increasing interest rates up 0.25% in two days. Here come the higher interest rates again. Think inflation worries. The Dollar lost a lot of value today, after moving [...]
Stocks rested today as traders are waiting for the real “stress test” results. So, a sideways day!!! Ditto with bonds. The Euro backed up a little against its gains with the Dollar from yesterday. Oil and gasoline went sideways, but are at high levels. Gold was sideways, but remains above $900 – wait and see [...]
Stocks fell a little today, and are awaiting earnings reports to determine its future path. Bonds also moved sideways, as did the Dollar. Oil and gasoline fell slightly. Gold fell a lot, being down $25 today. The new price has broken a trend line on the downside, and gold must test recent support levels at [...]
Stocks fell a little today, but ominously bond interest rates rose. More ominously, the Dollar fell and oil/gasoline rose on the inflation fears of the FED action of yesterday. The energy price rise was an unintended consequence of yesterday’s actions. Gold rose $70 today, a big blast. This was also a unintended consequence, but a [...]
The big news today was the FED action to spend $1.1TRILLION dollars to “save the economy.” I want to break down the FED statement and intended actions and explain the consequences of this action. The FED intend to make two big moves: Use $300B to buy long term Treasury Bonds Use $750B to buy mortgage [...]
