Today is Veterans Day and Many Markets for the Exception of the Equity Market are Closed.

Today is Veterans Day and many markets for the exception of the equity market are closed.  First and foremost please thank all who defended our country, especially the families of those who gave the ultimate sacrifice.  How can we ever express our gratitude to those who defended our country and permitted us to live this culture and this lifestyle?  Thank you!

I have little to comment about yesterday’s market activity other than I think the markets are feeling “heavy” and profit taking should be expected.  Equities can easily decline 3% to 5% under this guise of profit taking and would be deemed as healthy.

Last night the foreign markets were up.  London was up 0.18%,  Paris up 0.61% and Frankfurt up 0.33%.  Japan was up 2.05% and Hang Sang up 0.27%.

The Dow should open quietly higher with many questioning if the markets have gone too far too fast. Trading should be quiet.  The bond market is closed for the holiday.

 

The views expressed herein are those of Kent Engelke and do not necessarily reflect those of Capitol Securities Management. The information contained herein has been compiled from sources believed to be reliable; however, there is no guarantee of its accuracy or completeness. Any opinions expressed are statements of judgment on this date and are subject to certain risks and uncertainties which could cause actual results to differ materially from those currently anticipated or projected. Any future dividends, interest, yields and event dates listed may be subject to change. An investor cannot invest in an index, and its returns are not indicative of the performance of any specific investment. Past performance is not indicative of future results. The material provided in Daily Market Commentaries or on this website should be used for informational purposes only and in no way should be relied upon for financial advice. Please be sure to consult your own financial advisor when making decisions regarding your financial management. Members of FINRA and SIPC, Capitol Securities Management is a privately owned full-service retail brokerage and investment advisory firm headquartered in Richmond, Virginia. For nearly 30 years, we have been serving the needs of our investors. Today, more than 200 Capitol Securities Management investment professionals and support staff serve approximately 18,000 customer accounts from Southern Florida to the New England coast.