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, […]
Stocks moved sideways as did bonds today. All the headline news for stocks was “good” as major companies reported increased earnings. Profits are going down, and you had better know it now. Only companies with good overseas situations (like McDonalds) will show improved profits. Oil supplies increased pushing oil prices lower, and that was viewed […]
Again and again the stock market goes sideways, as does the bond market.
The IMF tried to bully the dollar into going higher today, and it indeed succeeded. However, after the dollar shorts covered, the pound investors took over, and called the IMF bluff. So in the end, the dollar moved sideways […]