US stocks climbed on Thursday as traders closed out positions heading into the holiday weekend. Economic data was mixed so Friday’s non-farm payroll number will offer more importance. CarMax Inc. was a strong performer, hitting an all-time high and climbing by 9%, while crude oil prices settled just under $50 a barrel.
All sectors finished the day in the green with consumer goods shares leading the way. Technology shares were the day’s poorest performers.
Over the week, utilities put in the strongest sector performance gaining 2.5% while conglomerates fell back -0.9% as a whole. Utility stocks are now the strongest performing over the last 30 days.
I made some profits in $RAD and $SPX this week (detailed in yesterday’s post) and this took my short-term trading fund up over 20% for the year so far.
My longer term portfolio is up a smaller amount, around 3.5% but ahead of the benchmark. As I mentioned yesterday, I am becoming concerned about the overbought situation in Germany’s $DAX.
Here are this week’s Links:
70% of Investors are making basic mistakes
When markets dip, don’t get out
High speed traders are experiencing falling returns
Why are interest rates so low? By Mr. Ben Bernanke
Crude oil: The fundamental bottom is in
Iran ”Nuclear Deal” Fact Sheet and explainer
That’s all for now, have a great weekend 🙂