Saturday, March 30, 11:00 a.m.
The economic recovery has stumbled in the spring and summer of each of the last three years, resulting in a double-digit decline for the stock market each time.
It looks like it might happen again this year, but that is not the market’s biggest problem. Click here to read the rest of my column for this weekend. This Is the Most Critical Time for the Market Since 2007!
Subscribers to Street Smart Report: In addition to the charts and information in the ‘premium content’ area of this morning’s blog the new issue of the newsletter from Wednesday in your secure area of the Street Smart Report website.
Non-subscribers: Last Saturday we up-dated the sample newsletter to a more recent issue you might find interesting. Click here to view it: Sample issue of Street Smart Report newsletterYesterday in the U.S. Market.
The U.S. market was closed for the Good Friday holiday yesterday.
But it closed up on Thursday, its last session of the week, the month, and the quarter. The S&P 500 closed at a fractional new all-time high, exceeding its 2007 peak by a fraction. And trading volume picked up significantly, 0.9 billion shares traded on the NYSE, 1.5 billion on the Nasdaq.
The Dow closed up 52 points, or 0.4%. The S&P 500 also closed up 0.4%. The NYSE Composite closed up 0.4%. The Nasdaq closed up 0.3%. The Nasdaq 100 closed up 0.3%. The Russell 2000 closed up 0.1%. The DJ Transportation Avg. closed up 1.0%. The DJ Utilities Avg closed up 1.2%.
Gold closed down $11 an ounce at $1,596.
Oil closed up $.58 a barrel at $97.58.
The U.S. dollar etf UUP closed down 0.3%.
The U.S. Treasury bond etf TLT closed down 0.5%.Asian markets closed up some in their last session of the week.
The Asia Dow closed up 0.1% Thursday night (Friday in Asia).
Among individual Asian markets:
Australia closed down 0.5%. China closed up 0.1%. Hong Kong closed down 0.7%. India closed up 0.7%. Indonesia closed up 0.3%. Japan closed up 0.5%. Malaysia closed down 0.1%. South Korea closed up 0.6%. Singapore closed down 0.2%. Taiwan closed up 0.7%. Thailand closed up 1.1%.Yesterday in European Markets.
European markets closed up yesterday. The London FTSE closed up 0.4%. The German DAX closed up 0.1%. France’s CAC closed up 0.5%. Greece closed up 2.3%. Ireland closed up 1.2%. Italy closed down 0.1%. The Netherlands closed up 0.6%. Spain closed up 0.3%. Switzerland closed up 0.4%. Russia closed unchanged.
Global markets for the week.
A positive week in the U.S., mixed elsewhere.
For Street Smart Report subscribers only, used to provide additional info to that provided in the newsletter, mid-week reports, and hotlines.
To obtain access please click on the ‘Subscribe’ link. It will take you to an information page on subscribing to Street Smart Report, a subscription to which includes access to the premium content area of this Street Smart Post blog.
In the Premium Content area this morning. The U.S. stock market, gold, and bonds, signals and analysis of each.
Next week’s Economic Reports:
Next week will be a fairly light week in the U.S. for potential market-moving economic reports, but they will include the ISM Mfg Index, Factory Orders, the U.S. Trade Deficit. etc. To see the full list click here, and look at the left side of the page it takes you to. The reports will culminate on Friday with the Labor Department’s Monthly Jobs Report for March, which we always refer to as ‘The Big One’, since it most often comes in with a big surprise in one direction or the other that in turn results in a one to three-day triple-digit move by the Dow in one direction or the other.
I’ll be back with the next blog post on Tuesday morning at 9:25 a.m.
Non-subscribers: Last Saturday we up-dated the sample newsletter to a more recent issue you might find interesting. Click here to view it: Sample issue of Street Smart Report newsletter
Subscribers to Street Smart Report: In addition to the charts and information in the ‘premium content’ area of this morning’s blog, the new issue of the newsletter from Wednesday in your secure area of the Street Smart Report website.
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