- S&P +8 pts or +0.4% to 1826
- Dow +64 pts or +0.4% to 16285
- Nasdaq +28 pts or 0.7% to 4132
US 10 year yields 2.91% +2bp
Stocks, for now, have dispelled the fear of the taper and are forging ahead to new record levels. It’s hard to argue with a 5 year bull market.
Dow yearly chart 23 12 2013
Bond yields are also back on the march and this is giving the boost to the buck as well as a general risk on note to the market. USD/JPY is back above 104.00 to 104.10 and it’s pulling EUR/JPY up on its shirttails.
