Tuesday, July 14, 2009
Market Reflections 7/13/2009
Talk that Goldman Sachs will post strong earnings tomorrow gave a big lift to stocks on Monday where the S&P rose 2.5 percent to just over 900. Until today safety had been the watchword, and the gains in stocks dried up demand for Treasuries where yields were up as much as 6 basis points on the 10-year to 3.36 percent. Commodity prices didn't show much reaction with oil steady under $60 and gold firm at $920. The dollar index dipped 0.2 percent to 80.01.