It was a modest up week for the major indices. That is a pretty good performance considering the very strong gains the prior week. The earnings reports this week were mixed and provide few clues as to the outlook for the flood of earnings reports that will start next week. Oil was noteworthy as it closed the week at $83.69 a barrel after reaching a record high above $84. The yield on the 10-year note rose to 4.68% from 4.64% the previous week. The underlying tone of the market remains moderately bullish entering the heavy period of earnings the next two weeks.
No comments:
Post a Comment