Friends,
Investors shrugged off yesterday’s bout of selling and the Dow once again teased the 13,000 level before closing up 46 at 12,984. The S&P finished up 6 points at 1,363. Along with a good home sales report, the markets were mostly up on economic data showing the jobs recovery story remains intact and the labor market may be healing.
Gold gained $10 to close at $1781. Oil continued its sharp climb to close at $107.83.
Have a great evening everyone.
Friends The weakness in tech/AI stocks continues and the market averages, especially the Nasdaq, continue to lose ground as we get closer to year end. Instead of taking a victory lap the stocks that have been the leaders all year long are now cowering nervously in the...
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