Financial Review

Little Record


Listen Later

…Russell 2000 record high. Bonds continue to fall. Zuck goes to Europe. Senate releases records on Trump investigation. Also, financial disclosures. CEO-average worker pay gap grows. Senate votes for net neutrality. Macy’s surprises Macy’s. Financial Review by Sinclair Noe for 05-16-2018 DOW + 62 = 24,768 SPX + 11 = 2722 NAS + 46 = 7398 RUT + 16 = 1616 10 Y + .02 = 3.10% OIL + .23 = 71.54 GOLD – .10 = 1291.20   Stocks recovered, bond did not. Smaller companies continued to outperform their larger rivals with the Russell 2000 reaching a record high. The Russell 2000 is up about 5% year-to-date. The S&P 500 Index rose above its average price for the past 100 days. The S&P 500 is up about 1% year-to-date, but still down 5.5% from its January 26th high. Bonds have cratered over the past couple of days, pushing the yield on the 10-year note up 10 basis points, to the highest level in 7 years. The two-year Treasury note yield also notched a new multiyear high of 2.593 percent, its highest since August 11, 2008. Yields have been on the move higher this month ever since the Fed said on May 2nd that inflation was moving closer to its 2 percent target. Earlier inflation expectations led to a rise in interest rates in February, sparking a widespread equity sell-off as stock traders grew nervous over whether the economy was ready for increased borrowing costs. For now, the equity markets seem ...
...more
View all episodesView all episodes
Download on the App Store

Financial ReviewBy Sinclair Noe