Friday, July 28, 2023

Markets climb as inflation continues to cool

Dow went up 176 (up 230 for the week), advancers over decliners 5-2 & NAZ added 266.   The MLP index was even in the 239s & the REIT index fell 2+ to the 368s.  Junk bond funds rose along with stocks & Treasuries were purchased over the entire session, bringing higher yields.  Oil was fractionally higher above 80 & gold gained 13 to 1998.

AMJ (Alerian MLP Index tracking fund)

Live 24 hours gold chart [Kitco Inc.]




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Sorry most of the post was deleted by accident.  In summary, Dow is having another excellent month.  Dow is up about 1000 in Jul.  But don't forget that high interest rates are very high & can bring on a recession.  In the meantime, enjoy improved portfolio values.

Dow Jones Industrials 

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