S&P 500 FINANCIALS INDEX
The Alerian MLP Index edged down ½ in the 329s, remaining close to the 335 yearly highs. The REIT index went up 1½ to the 214s, a high since its yearly highs at 219 reached in early May. Junk bond funds were marginally lower while the VIX was up a fraction to the 22s. The € just went over $1.30, essentially even. Treasuries sold off, the yield on the 10 year Treasury bond rose 6 basis points to 2.72%.
Alerian MLP Index --- YTD
Dow Jones REIT Index --- YTD
Oil fell on a stronger dollar & signs of weakness in the US economy. Gold took a breather after yesterday's record run. Traders have their eyes on 1300 & hope to see that very soon.
|CLV10.NYM||...Crude Oil Oct 10||...75.74 ||... 1.06 |
|GCU10.CMX||...Gold Sep 10||...1,266.70 ||... 3.00 |
$$ Gold Super Cycle $$
Enbridge Energy (EEP) fell 44¢ to 52.56. EEP expects to reopen the pipeline in Illinois in a few days, but this spill is costing them money & there is still nervousness about the unknown.
Enbridge Energy -- 2 weeks
There were no major news drivers today resulting in low volume. But the Sep rally is still on. Dow is working its way higher, its next goal is to top the10.7K high reached in early Aug.
Dow Jones Industrials --- YTD
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