Financial Review

Batten Down the Bonds


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…..Record high close for the Dow. Bonds continue slide. Bracing for the Fed. Earnings out of recession. Japan economy grows. China economy grows. EU will stick to its deals. OPEC can’t stop pumping. Samsung buys Harman. Novartis buys Amneal. Siemens buys Mentor. Toyota pays for rust. Hedge fund secrets revealed. We didn‘t start the fire. Financial Review by Sinclair Noe for 11-14-2016 DOW + 21 = 18,868 SPX – 0.25 = 2164 NAS – 18 = 5218 10 Y + .10 = 2.22% OIL + .26 = 43.67 GOLD – 7.60 = 1221.00   Another record high close for the Dow.   U.S. bond yields are sharply higher across the board following a public market holiday on Friday. The yield on the benchmark 10-year Treasury note topped 2.25%; they surged 37 basis points last week, the most in three years, amid speculation Trump’s plans to boost spending and cut taxes will widen the budget deficit and stoke inflation. The 30-year Treasury bond yield is over 3% for the first time since January. The two-year yield crossed the 1.00% threshold for the first time since January. The movement has also lit a fire under the greenback, with the U.S. dollar index up more than 1%, hitting 100 for the first time in almost a year.   The global bond rout is intensifying. Long-dated bonds are getting hit hardest in Europe. The selloff wiped a record $1.2 trillion off the value of bonds around the world last week. Investors rotated into stocks, as global ...
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Financial ReviewBy Sinclair Noe