Thursday, February 23, 2017

FRIDAY 2/24/17; German 2-Year Yield Record Low -0.95%; COG; FL; JCP; KBR; RLGY; New Home Sales; Consumer Sentiment; President Trump Speaks; SPX (S&P 500) and INDU (Dow Industrials) All-Time Closing High; Dow Industrials Print 11th Record Closing High

Australia and Asia stocks begin trading on the negative side. NIKK -0.7%. Topix -0.6%. Toshiba gains -9% on news that management is 

[Text is redacted. Purchase the 2017-02 chronology to enjoy February's economic and market history including new all-time highs in the stock market.]

The US 10-year yield collapses this week (higher prices lower yields) from 2.46% to 2.32% a 14-basis point drop now teasing levels from last November. Humorously, the majority consensus on Wall Street had predicted 3.00% to occur in January or February. The 10-year yield printed 2.62% in December and is now 30 basis points lower.

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