Dock Treece Good News Wednesday December 2, 2020
Update: 2020-12-02
Description
Good news Wednesday and stocks come through. The S&P and the NASDAQ hit new all time highs and the DOW was up but not a new high. Precious metals recovered from a recent pull back. Gold is up $50 in 2 days and silver is up 8% over the same 2 days.
More retail sales news, some good some not. Another company announces a move from California to Texas.
The 10 year Treasury creeps higher as China sell Treasury bonds. So who is buying all the debt the U.S. Government is selling?
Quote from the attached article: "The market has been fueled higher in recent weeks by optimism that Covid-19 vaccines will help accelerate the economic rebound. That has fueled a rally in stocks that are sensitive to economic growth, including energy and banks."
More retail sales news, some good some not. Another company announces a move from California to Texas.
The 10 year Treasury creeps higher as China sell Treasury bonds. So who is buying all the debt the U.S. Government is selling?
Quote from the attached article: "The market has been fueled higher in recent weeks by optimism that Covid-19 vaccines will help accelerate the economic rebound. That has fueled a rally in stocks that are sensitive to economic growth, including energy and banks."
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