Tuesday, November 19, 2013

Another Dead Day on Wall Street

Stocks simply don't seem to have any momentum, such as earnings season is pretty much over and the gala holiday shopping season is still more than a week away.

There's no catalyst in either direction, though there's the continuing, nagging questions surrounding Fed tapering and the impact of Obamacare on business and markets, both of which seem to be supplying an anchor for equities.

Few voices are calling for a correction, but even fewer are banging the table about a generalized rally in stocks, as they are perceived to be just about fairly priced or over-priced.

This is an odd circumstance, as November is usually one of the better months for investors, though one could argue that gains in stocks this year have already beaten even the most optimistic targets.

Dow 15,967.03, -8.99 (0.06%)
Nasdaq 3,931.55, -17.51 (0.44%)
S&P 500 1,787.87, -3.66 (0.20%)
10-Yr Bond 2.71%, +0.03
NYSE Volume 3,199,620,250
Nasdaq Volume 1,714,876,375
Combined NYSE & NASDAQ Advance - Decline: 1903-3715
Combined NYSE & NASDAQ New highs - New lows: 162-78
WTI crude oil: 93.34, +0.31
Gold: 1,273.50, +1.20
Silver: 20.33, +0.023
Corn: 426.25, +5.25

No comments: