S&P 500 FINANCIALS INDEX
Value 191.63 | Change 4.61 | % Change 2.5% |
MLPs were on fire. When the Alerian MLP Index shoots up more than 5 , that's big. The index ended up 5½ to the 288s & today's gain brought it back into the black YTD. Higher markets also helped REITs, their index gained 5. Junk bond funds had modest gains & Treasuries retreated. The yield on the 10-year Treasury bond fell 3 basis points to 3.66%, still in the sideways band where it's been for several months.
Alerian MLP Index --- YTD
Dow Jones REIT Index --- YTD
Oil rose from a weaker dollar & increased tensions with Iran. However, it's still in the middle of this year's range. Gold also had a solid gain, nothing like the combination of a weaker dollar & tensions related to Iran to bring out gold buyers. It could be getting ready for another assault on the record high above 1200.
CLH10.NYM | ..Crude Oil Mar 10 | ..77.10 | .. 2.97 ......(4.0%) |
GCG10.CMX | ..Gold Feb 10 | .,1,119.30 | .. 29.80 ......(2.7%) |
Gold Super Cycle!! Click Here
OIL (ETF) --- YTD
GLD (ETF) --- YTD
Below is a link to my article on Enbridge (ENB), a Canadian energy company with business interests in petroleum, gas & green energy. It was just published & got good reception at SeekingAlpha.com, thought you might like a read.
Canadian Energy Co Enbridge's Vast Potential
http://seekingalpha.com/article/188722-canadian-energy-co-enbridge-s-vast-potentialPhoto: Bloomberg
The housing market index from the
•Homebuilder Confidence in U.S. Rises More Than Forecast in Stability Sign
Demand for US. Treasuries fell by the largest amount on record in Dec led by China reducing its holdings $34B. If this continues, the US gov would have to make higher interest payments at a time of record federal deficits. Foreign holdings of US Treasuries fell by $53B in Dec, surpassing the previous record of a $44B drop in Apr 2009.
Foreign demand for Teasury sees record drop AP
Find out what's inside Trend TV Click Here
Stocks began the week with strong gains. High yielders did well, although the junk bonds lagged a bit. A bomb was set off in Greece at a Chase office, adding to tensions over Greece & its debt problems. Stock buyers will need another excuse tomorrow to keep the rally going.
Dow Jones Industrials --- YTD
Nasdaq --- YTD
1 comment:
Nice article! It is good for now a days Economy!
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