Just Prices from the NOIC
This week HAI is just prices. This author is blessed to be along the banks of the mighty Mississippi River in New Orleans, Louisiana for the 50th anniversary of the fantastic New Orleans Investment Conference. It’s always a thrill to attend this venue and interact and exchange ideas with so many smart, well informed, and thoughtful individuals. It really is a spectacular treat that opens and sharpens the mind and deepens understanding. The days at the NOIC start early and end late, but the time invested is always most rewarding. This year is certainly no exception, but the schedule has crowded out the opportunity for more extended comments in this week’s letter. HAI sends early wishes for a very happy Thanksgiving to all readers!
Weekly performance: The S&P 500 gained 1.68%. Gold was up 5.53%, silver gained 2.98%. Platinum was up 3.17%, and palladium was up 8.06%. The HUI gold miners index gained 8.14%. The IFRA iShares US Infrastructure ETF was up 3.92%. Energy commodities were volatile and higher on the week. WTI crude oil gained 6.46%, while Natural gas surged 16.44%. The CRB Commodity Index was up 3.64%. Copper gained 0.53%. The Dow Jones US Specialty Real Estate Investment Trust Index was up 2.60%. The Vanguard Utilities ETF was up 2.89%. The dollar index was up 0.84%, to close the week at 107.51. The yield on the 10-yr U.S. Treasury was down 3 bps to close at 4.41%.
Have a wonderful weekend!
Best Regards,
Morgan Lewis
Investment Strategist & Co-Portfolio Manager
MWM LLC
