Exciting markets.
... Stocks soared 6.47% with the S&P 500 hitting an important resistance level (see graph, click on chart to enlarge).
... Crude oil soared 9.41%.
... Gold jumped 4.02%. Is oil more precious than gold?
... Bond prices declined.
... Bank stocks leaped 7.61%.
... Regional bank stockssoared 10.94%.
... Last, but certainly not least: the dollar slumped close to 3% against all major currencies.
Do you see the pattern? A strong market accompanied by strong oil and a weak dollar with regional banks one of the star performing sectors.
More, much more when you read older posts and subscribe to The Peter Dag Portfolio by going to https://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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