Stocks Bounce Higher, Shrugging Off Global Funding and Recession Issues

Apologies for the brevity, on the road once again.

Suffice to say that equity investors shrugged off all concerns on the day and bid stocks higher against a backdrop of daily and weekly losses. The NASDAQ was hardest hit, as traders shunned the high tech sector.

Crude oil has been an interesting story. Since the mid-September attack on the Saudi production facility, oil prices had surged, but now have retreated to prior levels, with WTI crude hovering in the $52/barrel.

Apparently, a two-week shutdown of five percent of global production does not warrant a 15% increase in price, as the perpetrators of the obvious false flag attack had hoped.

Well, at least we can all rest assured that massive fraud and manipulation of markets isn't the sole province of central banks and politicians.

Enjoy the day. Smile through the angst. Go Cardinals!

At the Close, Wednesday, October 9, 2019:
Dow Jones Industrial Average: 26,346.01, +181.97 (+0.70%)
NASDAQ: 7,903.74, +79.96 (+1.02%)
S&P 500: 2,919.40, +26.34 (+0.91%)
NYSE Composite: 12,691.16, +100.25 (+0.80%)