Dow rose 7 to within a hair breath of the yearly high made earlier this week, advancers 5-4 ahead of decliners & NAZ was fell 10. The Financial Index shows bank stocks inched higher.
S&P 500 FINANCIALS INDEX
Value | 214.77 | |
Change | 0.44 (0.2%) |
The MLP index inched up still in the 363s (2 below its recent record high) & the REIT index fell a fraction into the 223s. Junk bond funds eked out gains after falling at least 5% during Q4. The yield on the 10 year Treasury bond fell 6 basis points to 3.30%.
U.S. 3-month |
| 0.12% |
U.S. 2-year |
| 0.59% |
U.S. 10-year |
| 3.30% |
Alerian MLP Index --- YTD
Dow Jones REIT Index --- YTD
10-Year Treasury Yield Index --- YTD
Buying brought oil back above 91, encouraging for the bulls. Gold is just below its record high in the 1420s.
CLG11.NYM | ...Crude Oil Feb 11 | ...91.32 | .......1.48 | (1.7%) |
|
GCF11.CMX | ...Gold Jan 11 | ......1,418.90 | ... 13.30 | (1.0%) |
The close of markets today will bring the decade to a close. As a reminder, the number system of the calendar goes from years 1 thru 10, etc. This has been a very tough decade for some of the biggest companies. Here's a few of the Dow stocks along with Citigroup (C), a Dow stock at the start of the decade. Also, all but Cit had been Dividend Aristocrats. In addition, a chart for the Alerian MLP Index is added. It's had a fantastic decade, helped by its outstanding recovery from its lows 2 years ago. The index also has been yielding at least 6% annually, making for an excellent track record. AMJ, a closed end stock fund, was started in recent years to track AMZ. MLP tax hassle scares away some investors, but there are ways to directly participate in the growth of a few prominent MLPS. Kinder Morgan (KMR) and Enbrdige Energy (EEQ) are 2 stock equivalents which track their respective unit prices & pay stock dividends equivalent to distributions paid to unit holders, very tax efficient.
General Electric --- 1 decade
Bank of America --- 1 decade
Alerian MLP Index --- 1 decade
Dow ended the last decade at 10,788 & finished the first decade of the 21 century at 11, 577. I look forward to talking about very smart investing in the next decade!
Dow Jones Industrials --- 1 decade
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