Friday, December 30, 2011

Mixed markets of the last day of trading

Dow fell 22, advancers over decliners 3-2 & NAZ slipped a fraction on very light year end volume.  Bank stocks were lower & the Financial Index is down about 40 in 2011.

S&P 500 Financials Sector Index

Value 175.65 One-Year Chart for S&P 500 Financials Sector Index GICS Level 1 (S5FINL:IND)
Change    -0.67     (-0.4%)

The MLP index was down fractionally to the 388s, staying close to the 390 record, & the REIT index gained 1+ to the 234s.  Junk bond funds are mixed & generally up modestly in 2011.  Treasuries gained for a 4th day, poised for the biggest annual return since 2008, as investors sought the relative safety of US gov bonds on concern Europe’s sovereign-debt crisis will worsen.  Oil inched up towards $100 as the US economy improves.  Gold rebounded after having a bad 4 months.

Gold Rebounds

Photo:   Bloomberg

Gold rose for the first time in more than a week, leading a rally in precious metals, on speculation that the lowest prices in five months will spur demand from jewelers and investors.



Treasury yields:

U.S. 3-month


U.S. 2-year


U.S. 10-year


CLG12.NYM...Crude Oil Feb 12..99.41 ....Down 0.24  (0.2%)

GCF12.CMX...Gold Jan 12.....1,570.90 ...Up 31.00  (2.0%)

Get the latest market update below:

Growth in U.S. May Accelerate Even as Europe Shrinks

Photo:   Bloomberg

Rising confidence, fewer layoffs & gains in holiday sales show the US economy is picking up, defying a slowdown in Europe & much of the rest of the world.  The divergence could become even starker in 2012 as the world’s largest economy accelerates, the 17-member euro area sinks into a recession & growth in emerging markets cools.  An improving job market & freer credit may underpin American household sentiment & spending just as the debt crisis in Europe prompts additional belt-tightening overseas.  Stabilization in housing will erase a source of weakness at the same time vehicle replacement demand benefits companies like the automakers.  Of course the goings on in DC can be a negative.  An extension of the payroll tax cuts & emergency unemployment benefits is up for renewal in less than 60 days & the 2 sides are far apart.

Growth in U.S. May Accelerate Even as Europe Shrinks

There is not a lot happening with many away on holiday.  MLPs had a good year while REITs & Junk bonds were about even, allowing investors to collect relatively high income.  The slow pace of trading should be even slower in the PM

Dow Industrials

stock chart

Get your favorite symbols' Trend Analysis TODAY!  

No comments: