Up and away

The month saw strident moves forward by the indexes. The Dow had its best June since 1938. On Saturday, as Xi and Don Trump’s eyes met, and they agreed to agree to talk about talking about a tariff detente, there was more reason than ever to jump on the Love Train to Wall St. and not be left out fretting. The only nod to hard times was a significant upswing in the price of gold (abut 8%).

S+P closed at 2942 (up from 2752 May 31);
Dow 26,526 (up from 24,815);
10 Y Tresury yield was 2.01% (down from 2.13);
Crude was $59.43 (up from 53.36);
Gold was $1408 (up from $1305).