Since May 2018, the S&P 500 has returned 95% vs 80% gold return, and both trade near their all-time highs. On the other hand, since October 2018, gold has rallied 97% vs 82% gain of the S&P 500. Both assets have been great to own in the last few years, contrary to the 1999-2011 period when gold outperformed the S&P 500 by 5 times. In 2022 and 2023, global central banks purchased a record 1081 and 1037 ...
U.S. Stocks: The Dow fell 1.06%, the S&P 500 dropped 0.74%, and the Nasdaq decreased 0.58%. Bonds: The yield on the 10-year U.S. Treasury rose 6.17 basis points to 4.6117%. The 2-year U.S. Treasury yield fell 0.38 basis points to 4.9726%. Commodities: WTI July crude futures fell $0.60, or 0.75%, to $79.23 per barrel. Brent July crude futures fell $0.62, or 0.73%, to $83.60 per barrel. COMEX gold futures fell 0.83% to $2336.90 per ounce. COMEX silver futures rose 0.09% to $32...
U.S. Stocks: The Dow fell 1.06%, the S&P 500 dropped 0.74%, and the Nasdaq decreased 0.58%. Bonds: The yield on the 10-year U.S. Treasury rose 6.17 basis points to 4.6117%. The 2-year U.S. Treasury yield fell 0.38 basis points to 4.9726%. Commodities: WTI July crude futures fell $0.60, or 0.75%, to $79.23 per barrel. Brent July crude futures fell $0.62, or 0.73%, to $83.60 per barrel. COMEX gold futures fell 0.83% to $2336.90 per ounce. COMEX silver futures rose 0.09% to $32...
Nasdaq hits record in muted trade The Nasdaq Composite closed above 17,000 for the first time, driven by a surge in Nvidia shares, in an otherwise lackluster day for the market. The S&P 500 edged up 0.02%. The Dow Jones Industrial Average fell more than 200 points after Minneapolis Federal Reserve President Neel Kashkari said he would prefer to see “many more months” of data indicating easing inflation before considering rate cuts. The yield on the 10-year Trea...
U.S. Stocks: Dow Jones fell 0.55%, S&P 500 rose 0.02%, Nasdaq increased 0.59%. U.S. Bonds: At market close, the 10-year Treasury yield was around 4.55%, up over 8 basis points; the 2-year yield was around 4.98%, up more than 3 basis points. Commodities: - WTI July crude futures rose $2.11, or 2.71%, to $79.83 per barrel. - Brent July crude futures rose $1.12, or 1.35%, to $84.22 per barrel. - COMEX June gold futures rose 0.94% to $2,356.50 per ounce. - LME base metals a...