Daily Content
Fleck's Thoughts
IndexClose% Change
Dow Transports10227.57-0.01
Dow Utilities753.150.34
S&P 5002629.31-0.01
Nasdaq 1006293.050.45
Russel 20001511.48-0.35
VIX Index10.98-3.09
10 Year Gov't Yield2.33-0.98
Spot Gold1264.48-0.12
Spot Silver15.99-0.7
GDX-Gold Miners21.69-1.27
Crude Oil55.98-2.85
Dollar Index93.550.18
Euro Spot1.18-0.26
Japanese 10 Year0.0517.78
Shanghai SE3293.96-0.29
Long Bond 20-year154.060.22

A Draw


The stock market was slightly higher through midday after experiencing a sharp selloff early in the morning, with tech particularly heavy. I didn't see any reason for the selling, nor the rebound. In the afternoon, the indices just went sideways and closed essentially flat.

Away from stocks, green paper was a bit stronger, oil lost 3%, fixed income was higher, and the metals were weaker, again led by silver, which fell 0.5% to gold's tiny loss.

The Tortoise and the Hair-raising I'd grade today a draw for the stock market, as it tried to make up its mind what it wants to do, but the action was pretty much inconclusive as far as determining if the market is just "resting" while it heads higher toward the end of the year or if it has exhausted itself. On the other hand, there is no exhaustion for Bitcoin, as it managed to blast higher by more than 10% while trading over $13,000 per "coin."