D&D Note (3-27-2012)
With no catalyst to send stocks higher today, equities instead took a breather and all three averages ended lower.
Health Care stocks await the Supreme Court’s ruling on the 2010 Health Care Reform Law (otherwise known as Obamacare).
Apple closed at a new all time high of $614.48. Much of this upward price action lately is from funds that are rebalancing throwing out the bad and loading up on the good… stocks like Apple.
While Gold has also taken a breather it remains above 1660 currently at $1,684.90.
10 year note increased moving the yield down to 2.19%.
World Markets ended mixed with the FTSE down, DAX flat, Shanghai down, HSI up, and the Nikkei also up.
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