DJIA 18051 // S&P 2097 // NASDAQ 5004 // 10-YR TRE 1.887% //
EURO 1.092 // OIL 47.69 // GOLD 1191 // BIT 246
5132.52
Highest-ever level of the Nasdaq, set on March 10, 2000 during the "Tech Bubble." The tech-heavy index has seen a tremendous run-up recently to within several percent of its all-time high, attributed to lower borrowing rates and the renaissance of the technology sector in the US.
Some incredible facts about the Nasdaq's latest run, Yahoo Finance
Despite having a down day on Wednesday, the Nasdaq Composite is still thisclose to breaking 5,000 and ever nearer to breaking its Tech Bubble record
If there's been one bet on Wall Street that seems common of late, its putting money on continued strength of the US dollar. That presumption got turned upside down last Wednesday, when the Fed issued its latest policy statement and tempered expectations about US growth.
Starbuck's CEO Howard Schultz says Race Together "the right thing to do", CNN Money
Starbuck's CEO is not one to back down about an issue he cares about and last Wednesday he staunchly defended the company's much lampooned effort to improve race relations.
Problem: the bond "conundrum" is back, CNN Money
The 10-year Treasury started last week at 2.11% and tumbled to 1.94% during Janet Yellen's comments, as bond prices (inversely related to yields) we pushed up. But as the Fed move towards raising rates, bond yields should be moving up. What gives?
Starbuck's CEO Howard Schultz says Race Together "the right thing to do", CNN Money
Starbuck's CEO is not one to back down about an issue he cares about and last Wednesday he staunchly defended the company's much lampooned effort to improve race relations.
Problem: the bond "conundrum" is back, CNN Money
The 10-year Treasury started last week at 2.11% and tumbled to 1.94% during Janet Yellen's comments, as bond prices (inversely related to yields) we pushed up. But as the Fed move towards raising rates, bond yields should be moving up. What gives?
Vocabulary & People:
Calendar:
Calendar:
- M 3/23: Chicago Fed, Existing home sales
- T 3/24: CPI, PMI Manufacturing, New home sales, Richmond Fed
- W 3/25: Durable goods orders, EIA petroleum status
- T 3/26: Jobless claims, PMI services, Kansas City Fed
- F 3/27: GDP, Consumer sentiment
Predictions from last week: 2/3 All-Time: 17/30
- "Patient" removed: CORRECT
- Euro slide against dollar: WRONG
- Oil back above $45: CORRECT
- Lululemon misses earnings
- Another US presidential candidate declares
- Consumer sentiment positive
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