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Dollar Index103.60.25
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Long Bond 20-year127.53-0.07

Another Day of Dull Drifting

06-09-2023

Today was a bit like yesterday in that there were no economic data or real earnings results to influence trading, and an early rally of about 1% in the Nasdaq was largely eradicated by midday, with the Dow and S&P also about flat.

In the afternoon, the market essentially just drifted sideways, finishing with the small gains that you see in the box scores.

Without a Care in the World Away from stocks, green paper was a little higher while fixed income was lower, particularly at the short end. The metals were mixed, with silver gaining a few pennies while gold lost a few dollars. The miners were weaker in dull apathetic trading once again.