And it continues to go up up and up , Our Short Term Indicator remains BULLISH. (we are 100% invested in the markets). Will this change stay tuned ..
- The US stocks continued their momentum upwards. All major indices were up for the past week. The optimism can be attributed to expectations for the upcoming earning season. Will the trend continue despite the indicators like CAPE showing otherwise? Will the congress be able to reach a budget deal and avoid government shutdown. Stay tuned....
- On Fixed Income side, the US Govt. Bond Yields were continuing their upward trajectory, this can be explained in part due to expectations of rise in inflation given the impact of new tax law changes. To recap the bond yields and prices are inversely related to each other.
- Crude Oil crossed $70 a barrel and recorded the highest level in 3 years.
Economic Data from BLS showed CPI for all items increased 0.1% in December, shelter index was up while gasoline index fell. For more information visit Bureau of Labor Statistics.
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Market Commentary Week Ending 1-12-18