Investors continued to appear nervous as stocks barely held their own today. The market avoided its 8th straight day of losses. Prior to yesterday’s setback the Dow’s last 7 day losing streak was a year ago in August of 2015. Oil recovered some today, gaining $1.32 and closing above $40 per barrel, but what is the general census form market watcher out there? More from CNBC below.
Meantime bond guru/portfolio manager at Janus Capital and Pimco founder Bill Gross said today:
“I don’t like bonds or stocks, and I prefer gold and real assets at a time of high risk.”
Gross has been highly critical of global central banks that have used near-zero interest rates and money printing to try to boost economic growth.
Dow Jones Industrial Average: 18,355.00 (+41.23 / +0.23%)
NASDAQ: 5,159.74 (+22.00 / +.43%)
S&P 500: 2,163.79 (+6.76/ +0.31%)