Dow surged 595 (near the highs), advancers over decliners about 3-1 & NAZ gained 219. The MLP index added 3+ to the 208s & the REIT index soared 8+ to the 457s. Junk bond funds climbed again & Treasuries were very heavily sold, raising the yield on the 10 year Treasury up a whopping 17 basis points to 1.86%. Oil jumped an enormous 8+ to the 111s & gold dropped 13 to 1913 (more on both below).
AMJ (Alerian MLP Index tracking fund)
![Live 24 hours gold chart [Kitco Inc.]](https://www.kitco.com/images/live/gold.gif?0.2180338269244485)
This is a quickie. The Dow saw aggressive buying in the AM & elevated levels under 34K were maintained in the PM. In 8 days, Dow has endured wild price swings & has risen 1500 from its low. Chair of the Fed Powell said there is a lot going on in the market. That's putting it mildly!!! Besides the war, which is now a global war, oil is approaching record levels seen in 2008 & 2014. For more than a century there have been numerous periods of oil surplus & numerous periods of gluts. They don't last. And these wild swings in stock prices don't last. Strong investors will be patient & make long term investments when they are recognized. In the meantime, take a deep breath & stay strong!! 😀
Dow Jones Industrials
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