Friday 24 April 2015

Closing Brief

US equity indexes closed a little higher, sp +4pts @ 2117. The two leaders - Trans/R2K, both settled lower by -0.3%. Near term outlook remains bullish into May. Precious metals were weak, with Gold -$16, and Silver -1.0%. Oil closed -0.4%.


sp'60min


Summary

... and another week in the worlds most twisted casino (yes, even more than Wynn resorts)... comes to a close.

The broader market is increasingly pleased with itself as earnings come in 'reasonable', along with continuing stock buy backs in many companies.

There is simply little reason why equity bears can have much hope until the FOMC of mid June... which remains the first opportunity for rate rise.. although that is admitiddly increasinly unlikely.
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Have a good weekend everyone!
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*the usual bits and pieces across the evening.... to wrap up the week