Monday in the charts.
Yesterday was another raucous one, at least for equities. Both the DJIA and the S&P made gap up opens, adding to the multitude prior gap up opens which I have mentioned numerous times (all of which need to be filled). In addition, they ended above their all-time highs. To confirm these breaks, the indices need to remain above those all-time highs through the close on Thursday. On the other hand, bonds, the dollar and gold barely moved, making no attempt to challenge the boundaries of their current trading ranges.
October retail sales rose 0.3% versus forecasts of +0.5%; ex autos, they up 0.2% versus +0.6%.
Double dip recession?
Percentage of mortgage loans in forbearance declines.
There is no difference between the Fed and Congress.
Asia Pacific nations form world’s largest trading bloc.
More Chinese state owned companies are defaulting.
Who owns equities?
News on Stocks in Our Portfolios
Home Depot : Q3 GAAP EPS of $3.18 beats by $0.15.
Altria: Buy the 9.1% yield
What I am reading today
Tax loss harvesting.
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