Nasdaq 1,978.50 -5.80
SP500 987.48 +0.73
30-yrBond 4.311% -0.139
GLD 93.35 +1.73
SLV 13.70 +0.45
PTM 14.68 +0.39
July was a big up-month for the indices.
GDP numbers were released. 2007 GDP was 2% and 2009 GDP is -4%.
Page 2 (bold is mine): The decrease in real GDP in the second quarter primarily reflected negative contributions from nonresidential fixed investment, personal consumption expenditures (PCE), residential fixed investment, private inventory investment, and exports that were partly offset by positive contributions from federal government spending and state and local government spending.
Airline passenger and cargo demand continues to drop. Airline passenger and cargo figures declined again in June with no signs of recovery in sight, according to a report Thursday from the international industry group of the world’s air carriers.
Airlines carried 7.2 percent fewer people and cargo demand was down 16.5 percent in June compared to the same period last year, according to the International Air Transport Association (IATA).
Earlier in the week the dollar was trying to bounce. Today the dollar continued to weaken pushing gold and silver higher.
Some equities are having gaps down at the open. Weighted indices are still holding up and showing green. This could spread and affect headline indices similar to what happened in 2000.
XLE 50.62 +0.49
XLF 13.01 +0.13. Near mid-May peak.
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