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JAN 25, 2013 - Zero Hedge

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Geithner's Farewell Present: Gold Slammed, S&P Over 1,500 On Best January In Stocks Since 1994

A close above 1500, and the last time the S&P 500 managed 8 close-to-close gains in a row was November 2004 (with the 9th higher close marking the end of the run that time). The rise of the Dow Industrials is the best January since 1994 - which saw a rather painful 10% decline in Febuary. Today saw bonds monkey-hammered to catch up (yields) to equity's strength on the week. FX markets saw more JPY weakness (-1% on the week) as EUR strength from this morning's LTRO news followed on - dragging the USD down 0.3% on the week. Commodities were mixed with Oil unch on the week, Copper down (but ... Read More

Tags: Geithner's Farewell Present: Gold Slammed, S&P Over 1,500 On Best January In Stocks Since 1994,  Commodities Latest News