US Capital Markets Recap 11/17/17
The US Capital Markets ended mostly flat for the week, though the week was fairly volatile. A pass of the House Republican's tax plan provided a boost on what would have been an otherwise down week.
Gold has been ticking up and is near $1,300 an ounce. Given the relative strength of the economy and capital markets, a strong gold price now could make for much larger gains in the event of a pullback in the US stock market.
Source: Bloomberg
Perhaps a pullback in the US stock market is not coming soon though, as the Consumer Confidence Index hit a new 52 week high and payrolls continue to rise. I continue to be **fully invested **as of right now.
Brian
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