The bond markets saw modest gains today despite a rise in the Equity markets. This comes after four days of modest losses as an increasing stock market stole the thunder. Stocks had a 5-day win streak for the first time since the week of June 27. The Dow rose 75.91 to end the week at 11,509.09, the S&P 500 Index rose 6.90 to 1,216.01 while the Nasdaq gained 15.24 to 2,622.31. Oil ended at $87.96/barrel down $1.44. Next week is light on economic news releases, which could lead to a relatively flat market.
Landon Spitler
Loan Officer
Bank of Commerce Mortgage
LSpitler@BankofCommerceMortgage.com
Ph: 805.471.0243
FX: 805.548.8171
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