Stocks and bonds moved sideways today, as did the Dollar. Gold fell again, and tested it recent lows – rebounding upward. If the pattern holds true, tomorrow will be an up day. Oil and gasoline was where the market was today. Both fell well out of their trading range, and are heading for recent lows. [...]
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 [...]
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 [...]
Stocks fell today on the anticipation of poor earnings reports – ending down 186 points. Bonds went sideways. The Dollar gained today. Oil and gasoline are in a trench moving up and down in a narrow band. They are still in that narrow band, and therefore are moving sideways. Gold gained $11 today, but I [...]
Stocks finished the week going down today as traders took their profits from the previous gains. The market ended down 148 points. Bonds moved sideways. The Dollar significantly strengthened, and is now at the level where it was prior to the FED announcement that it will buy long term Treasuries. Oil and gasoline both gave [...]
The stock market ended down today, making it a losing week after last week’s big gain. The market is still trying to figure out if the FED move last Wednesday was good or bad for its future. Bonds moved sideways, as did the Dollar, as did gasoline and oil. Gold moved sideways too, and this [...]
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 [...]
Stocks fell dramatically today on the feeling that our economic future stinks. We fell through that important 7800 Dow level, ending at 7552, so we are now in a new bear phase of the stock market. Did you really believe all those bulls talking on TV last week?Bonds gained in value as there was hope [...]
Stocks fell 100 points today after the market decided that the FED move yesterday wasn’t all that great. Bonds continued their massive drive upward in value (decrease in interest rates), and the 10 Year Treasury is now exploring whether it might break through 2%. The Dollar continued its massive fall in value, falling another 3 [...]
Hurrah!!!!!! The election is here at last, and it will be all over today. Markets love certainty, and the election provided an unwanted level of uncertainty in the financial markets. My interpretation of the numbers today, is that the markets all turned today, and will be looking different in the future. But, how will the [...]
