New all time highs! AAPL, AMZN, IBM (ORCL, PCLN at nine year highs).
New unemployment claims for this week came in lower at 452,000 (chart).
No bank shutdowns this week! (list).
FYI -the debt clock is now over the $12.25 trillion level!
Commodities:
Oil prices moved up strongly, closing the week around $78 per barrel.
Natural Gas was little changed, closing around $5.65.
Gold prices were rangebound, closing around $1104.
The US Dollar index rallied, then pulled back, closing around 78.
Bond prices plunged, closing around 115 on the 30 year!
Next week: Not much as far as events go, except for the government borrowing more money with another big Treasury auction ($118 billion).
Market analysis: We saw a nice run this week in the NASDAQ and the IWM (small caps), though with light volume. I expect the market will continue the rally into January, but we won't really get a good read on the market until after the holidays, and when earnings start rolling in.
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