Quiet Day with Some New Highs

It’s a quiet day for the stock market. Trading stops at 1 pm today ahead of Christmas. The S&P 500 is currently up four points to another new high. On our Buy List, Oracle ($ORCL), Express Scripts ($ESRX) and Wells Fargo ($WFC) are up to new 52-week highs. Bed Bath & Beyond ($BBBY) hit $76 per share.

This morning, the initial jobless claims report dropped to 280,000. That’s the fourth-lowest in the last 14 years.

I thought this chart was interesting. It’s the one-, two- and three-year Treasury yields. Note how they’ve gradually separated.

The one-year yield has doubled this month. Of course, that’s starting from a very low level.

Posted by on December 24th, 2014 at 11:08 am

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