Friends
The bulls continue to hold the high ground with one day left before the end of the quarter. We suspected that this would be a quiet week, at least data wise, and for the most part it has been. We have noted the market’s resilience this month given that there was ample opportunity for everything to come undone. Sentiment could hardly be worse than it is yet stocks continue to confound the bears, at least for the moment.
As for today, by the close the Dow Jones Industrial Average was up 141 points to finish the day at 32,859. The S&P 500 was up 23 points to close at 4,050. The Nasdaq Composite Index was up 87 points to close at 12,013. Gold was up $16 to trade at $2000 per ounce, while oil was up $1.15 to trade at $74.12 per barrel WTI.
Bonds have quieted down recently also, but at yield levels much lower than a few weeks ago. For now, let’s first see how the week, the month and the quarter all end tomorrow.
Have a nice evening everyone.
