Morning Note

Asian equities were mixed overnight, Europe as well this morning, while U.S. stocks are on balance off a bit; Dow down 110 points, S&P 500’s off .2%, Nasdaq down .2%, with the Russell 2000 bucking the early-morning trend, up .3%.  

The VIX (SP500 volatility) is down .12% at a still too-high-for-comfort 24. VXN (Nasdaq volatility) is up 2%. 


Oil’s down .6%, Gold’s up another $14, silver’s taking a breather, down 2%, copper’s up .2% and ag commodities are roughly split down the middle. 


Treasuries are higher (yields lower).


Our core portfolio is essentially flat so far this morning, +.09%, with gold, healthcare, base metals, consumer staples and utilities all nicely flashing green. Everything else (materials barely) bleeding a bit this morning. 


To really drive home for you the precariousness of current conditions from a purely asset performance standpoint, just two things you need to know: gold is up 23.5% on the year, and if you’re willing to lock up your money for 10 years, the U.S. treasury will pay you 0.58% on your money annually. 


Uhh, yeah, hedge!


Have a great day!
Marty

Share:
Share on linkedin
Share on facebook
Share on twitter
Share on email
Share on pinterest

Recieve Between the Lines Posts to your Inbox

Sign up for lorem ipsum delores sin.

We care about the protection of your data. Read our Privacy Policy.