A cool breeze blew in over our little island late this afternoon. The temperature is forecast to drop from a high of 90 degrees today to only 60 tomorrow. How quickly things can change…
But we’re here to talk markets… If you took Friday off, you didn’t miss much. The Dow nudged higher by a fraction of a percent. The NASDAQ and the S&P 500 remained, for all intents and purposes, unchanged. Gold slipped a bit over the past few days. After a failed run at $1,120 per ounce on Friday, ol’ yella fell back to around $1,100. This morning it trades a few bucks higher. Oil holds steady at $80 and change per barrel.
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China’s Property Boom
Editor’s Note: Chinese property prices jumped a record 11.7% over the last year, its National Bureau of Statistics said early this morning. The Chinese government has tried and tried again this year to throw some cold water on the steaming housing market…raising mortgage rates above market prices and imposing higher sales taxes on homes. But it’s all in vain…home prices crept up another 1.1% in March alone.
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