S&P 500 FINANCIALS INDEX
JP Morgan --- 3 months
MLPs continued with their sluggish behavior of late. The Alerian MLP Index fell almost 1 to the 266s but the Dow Jones REIT Index gained 2.72. Junk bond funds were mixed to higher. The yield on the Treasury 10-year bond continued higher, up 5 basis points to 3.32%.
Alerian MLP Index --- 2 months
Dow Jones REIT Index - 2 months
Commodities were generally weaker as shown with oil. But gold continues its charge to new records.
GLD (ETF) --- 3 months
The economic recovery gained traction in late fall with shoppers spending a bit more & factories bumping up production. This assessment by the Federal Reserve marked its most upbeat view since the economy tumbled 2 years ago. The FED's new snapshot of business barometers found that conditions have generally improved since the last report in late Oct. The main challenge for the FED is to sustain the fledgling rebound, especially after the benefits of gov support fade next year. This lukewarm view of the economic recovery kept the lid on markets advancing today. Floor volume on the NYSE was light at just over 1B shares.
Dow Jones Industrials - 2 months