After a long, hard summer for Treasury bonds, which resulted in a 30-handle slide in price since July , the question needs to be asked: For whom does the bell toll — bulls or bears? We asked this question in July as T-bonds were reaching overbought extremes, which turned out to be in the same week as the all-time high. This chart updates the one from July’s major sell signal.
Category: Financial Markets
General Dynamics Strikes a Deal in Peru
Boasting more than 50 main battle tanks and more than 600 armored personnel carriers , Peru’s army looks like a pretty fearsome fighting force — on paper. In fact, it’s more of a paper tiger.
Bitcoin’s Rally Crushed Every Other Currency in 2016. Here’s Why
Bitcoin, that nebulous digital currency that trades in cyberspace and is “mined” by code-cracking computers, emerged as a better bet this year than every major foreign-exchange trade, stock index and commodity contract. The electronic coin that trades and is regulated like oil and gold surged 79 percent since the start of 2016 to $778, its highest level since early 2014, data compiled by Bloomberg shows.
Week in Review: Dow Scores Five Straight Days of Record Closes
The Dow Jones Industrial Average was the clear winner of this week, sealing fresh record closes for five days in a row. The Dow Jones Industrial Average was the clear winner of this week, sealing fresh record closes for five days in a row.
Related Article: Jim Cramer Explains Why the Russell 2000 Hit New Record Highs This Week
Small cap stocks have rallied into new record highs this week, on hopes that regulations will lessen under President Trump. The recent rally in small cap stocks was driven by hopes that regulations will ease under the Trump Administration.
Why NCI Building Systems Inc.’s Shares Popped 12% Today
As of 3 p.m. EST, shares were still down 9.9% on the day. Sales were up 4.5% to $480.3 million and net income was up 3.9% to $18.9 million, or $0.27 per share.
Stocks Rally, Notch 3% Gains for the Week
The benchmark S&P 500 registered a record high for the third straight session, while the Dow and Nasdaq also hit new highs. The Dow recorded a fifth straight week of gains.
Municipal-bond week in review: Yields back down a bit
The 10-year yield on the AP Municipal Bond index was 2.665 percent, as of 5 p.m. Eastern time Friday. That’s down from 2.808 percent the previous week, but it’s still a lot higher than a month ago, before the election, when the yield was just 2.063 percent.