Stocks Flat, Gold, Silver, Bonds Explode Higher

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Stocks were relatively unmoved as the world's central bankers wrapped up their annual economic symposium at Jackson Hole, Wyoming over the weekend.

What did move were precious metals and bonds, both boosted by ambiguous speeches by Fed Chair, Janet Yellen, and ECB president, Mario Draghi.

Both speakers failed to address the bubbling equity markets, and instead opted for a can-kicking, all is well, "stay the course" approach. Markets were effectively unimpressed, though fixed investments saw massive gains.

The benchmark 10-year note was bid, knocking the yield down to 2.16, and to levels not seen since before last year's November elections, at 2.09% just prior to the Tuesday open.

Gold has blown through resistance at the psychologically-important $1300 level, kicking up to $1325 in early Tuesday futures trading. Silver also advanced, blasting through $17, hovering in the $17.60 range at this time.

Stock futures are down massively, setting Tuesday up for a massive downdraft.

With congress coming back to debate the debt ceiling and federal budget and the FOMC meeting in September, the final days of August appear to be presaging the volatile days and weeks ahead.

Hang on to your hats. This looks to be a wild ride.

At the Close, August 28, 2017:
Dow: 21,808.40, -5.27 (-0.02%)
NASDAQ: 6,283.02, +17.37 (+0.28%)
S&P 500: 2,444.24, +1.19 (+0.05%)
NYSE Composite: 11,800.22, -11.81 (-0.10%)

Stocks Continue Retreat

See full post HERE.

Stocks Uncertain With Congress Due Back In Two Weeks

Continuing the migration to dtmagazine.com/money, today's post is available HERE.

Dow Up Most Since April On Bounce

Since Money Daily has been publishing on Google's blogspot platform for far too long, and, being unable to port this blog over to our own servers, we thank the giant Goog for their insouciance in allowing us to find the WordPress alternative.

This post can be seen in full at:
http://dtmagazine.com/money/index.php/2017/08/23/dow-up-most-since-april-on-bounce/

We will be moving this blog to the Downtown Magazine website over the next few weeks, though archives are likely to be retained by Blogger (owned by Google). Thanks to all our loyal readers.

Stocks Open Week With Sluggish Start

There wasn't anything important enough to move stocks substantially, as the markets opened the final full week of August.

This is probably as good a time as ever to take a few days off.

At the Close, Monday, August 21, 2017:
Dow: 21,703.75, +29.24 (+0.13%)
NASDAQ: 6,213.13, -3.40 (-0.05%)
S&P 500: 2,428.37, +2.82 (+0.12%)
NYSE Composite: 11,719.27, +19.44 (+0.17%)