Financial Review

Like a Bird on a Wire


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…..Dow record high. Commodities, financials up. Bonds, tech and emerging markets down. Fed jawbones for higher rates. Trump transition takes shape. Trumpcare takes shape vaguely. Happy Singles Day. App judgment. Super moon rising. Veterans Day thanks. Financial Review by Sinclair Noe for 11-11-2016 DOW + 39 = 18,847 SPX – 3 = 2164 NAS + 28 = 5237 10 Y closed 2.12% OIL – 1.21 = 44.15 GOLD – 31.00 = 1228.60   The Dow closed at a new all-time high. Milk and cookies for everyone. Or wine and Xanax – your choice. It was a wild ride. For the week, the Dow rose around 5.4 percent, marking its best weekly performance since December 2011. The S&P 500 gained 3.8 percent for the week. The Nasdaq Comp posted a 3.4 percent weekly gain.   While stock markets were open today for Veterans Day, bond markets were closed, after taking a beating over the past few sessions. The global bond sell-off continued; across the world, more than $1 trillion has been wiped off the value of bonds as President-Elect Trump’s policies are seen boosting inflation.   One bright spot in the bond market, TIPS, or Treasury Inflation Protected Securities, which are indexed to inflation, have enjoyed their largest eight-week inflow on record, attracting over $5 billion. Commodities and equities also proved big gainers. Commodities funds attracted $1.5 billon inflows in the week to Wednesday, the largest in 14 weeks. Copper is eyeing its biggest weekly rally in 35 years and iron ore is heading ...
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Financial ReviewBy Sinclair Noe