Interesting day

Today the market was broadly weak with the Dow down sharply at the opening. Around 11:00am the market started strengthening until the closing.

I found most encouraging that the bank index moved higher in spite of a weak tape (click on the chart to enlarge it).

I am still baffled by the 0% yield on 13-week Treasury bills. Free money cannot be a good omen. Time will tell.

To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can review The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific money management needs.

I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes.

George Dagnino, PhD
Editor, since 1977
Ranked in the Top 10 for 12, 6, and 3 months for market timing by Timer Digest

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