StopBusters
.....Dow Industrials, Dow Transports, S&P 500, Nasdaq – all close at record highs. $2 trillion rotates from bonds to equities. Fed raises rates next week. ECB tapers today. Deutsche Bank turns on UBS, HSBC, Bank of Nova Scotia in silver rigging case. Wells Fargo – bad neighbor. ThyssenKrup hacked. Sears in death spiral.
Financial Review by Sinclair Noe for 12-08-2016
DOW + 65 = 19,614
SPX + 4 = 2246
NAS + 23 = 5417
RUT + 21 = 1386
10 Y + .04 = 2.39%
OIL + .92 = 51.86
GOLD – 2.90 = 1171.40
US stocks are at all-time highs, again. The Dow Industrials, the S&P 500, the Nasdaq Composite, the Dow Transportation Average, and the Russell 2000 hit record highs at the close; for the Dow Industrials, it was the 13th record high since Donald Trump was elected president on November 8. The Dow has climbed a stunning 1,200 points in the month since the election. Since the election, one month ago, some $2 trillion has shifted from bonds to equities. For stocks, most developed markets have
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