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Thanksgiving Day Weekend Linkfest: Review/Preview
Hope everyone enjoyed their Turkeys, be they stuffed, deep fried, or made of (blech!) Tofu. That may very well be an apt description of markets of late: its a mix of volatility, conflicting and some new age hope. Friday's half-day rally prevented an otherwise ugly week from becoming even more so. By the numbers, Gold once again was the big winner, gaining near 5% for the week; Crude Oil was right behind, plus 4.6% on expectations that a panicky Fed will cut rates gain, further devaluing the greenback. Crowded short or not, the dollar lost another 0.4% this week. Traders are rotating from equities to bonds, helping U.S. Treasuries and investment grade bonds rally -- they gained 0.8% and 0.4% respectively -- and driving rates down further. The big losers? Gold's gains were Emerging markets losses -- down about 4.8%. REITs also fell about 2.6%. The Russell 2000 fell nearly 2%, while Nasdaq, the Dow and Global stocks all slipped about one and half percent. The best index was the S&P500, losing only 1.2% -- after Friday's gain of +1.69%. Barron's Trader column points out that: "At their lowest point midweek, both the Dow Jones Industrial Average and the Standard...
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The Big Picture
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Thanksgiving Day Weekend Linkfest: Review/Preview
Hope everyone enjoyed their Turkeys, be they stuffed, deep fried, or made of (blech!) Tofu. That may very well be an apt description of markets of late: its a mix of volatility, conflicting and some new age hope. Friday's half-day rally prevented an otherwise ugly week from becoming even more so. By the numbers, Gold once again was the big winner, gaining near 5% for the week; Crude Oil was right behind, plus 4.6% on expectations that a panicky Fed will cut rates gain, further devaluing the greenback. Crowded short or not, the dollar lost another 0.4% this week. Traders are rotating from equities to bonds, helping U.S. Treasuries and investment grade bonds rally -- they gained 0.8% and 0.4% respectively -- and driving rates down further. The big losers? Gold's gains were Emerging markets losses -- down about 4.8%. REITs also fell about 2.6%. The Russell 2000 fell nearly 2%, while Nasdaq, the Dow and Global stocks all slipped about one and half percent. The best index was the S&P500, losing only 1.2% -- after Friday's gain of +1.69%. Barron's Trader column points out that: "At their lowest point midweek, both the Dow Jones Industrial Average and the Standard...
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Big Picture
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