Dow dropped 283, decliners over advancers better than 2-1 & NAZ retreated 105.  The MLP index was off 1+ to the 212s & the REIT index saw heavy selling, down 9+ to the 374s.  Junk bond funds were weak & Treasuries had modest selling, bringing higher yields.  Oil fell 2 to 74 & gold went up 13 to 1800 (more on both below).

AMJ (Alerian MLP Index tracking fund)

November rent rises, pushing median prices above $2K again

  “Demand for this breakthrough vehicle is strong and continues to grow, we will continue to monitor pricing through the model year,” the spokesperson said.  Thru the end of  Nov, Ford had only sold 13K F-150 Lightnings.  The stock fell 91¢.
If you would like to learn more about Ford, click on this link:
club.ino.com/trend/analysis/stock/F_aid=CD3289&a_bid=6ae5b6f7

Ford again hikes the starting price of the F-150 Lightning pickup, now up 40% since launch

Omicron boosters are 84% effective at keeping seniors from being hospitalized with Covid, CDC says

Gold futures climbed, modestly paring their loss for the week.  Prices for the precious metal bounced into the middle of the week, on softer inflation data & hopes the Federal Reserve would be done with interest rate hikes soon.  However, the hawkish announcement from the Fed late Wed pressured gold as investors priced in a higher terminal interest rate.  Higher interest rates & softer inflation data remain headwinds for gold.  Gold for Feb rose $12 (0.7%) to settle at $1800 an ounce.  For the week, prices based on the most-active contract fell 0.6%.

Gold Futures Up For The Session, Down For The Week

Oil futures declined, with US prices holding on to a weekly rise of 4.6%.  Global central banks keep suggesting that they are going to win the war against inflation at any cost.  One of the casualties the market fears could be a global recession that theoretically will reduce oil demand.  However, the reality is that demand destruction based on a mild recession won't be as bad as people think -- if that means the reopening of China.  The US benchmark WTI crude for Jan fell $1.82 (2.4%) to settle at $74.29 a barrel.  

Oil ends lower for the session, with U.S. prices up nearly 5% for the week

Dec has been a tough time for the stock market.  Dow is down 1670 in Dec & fell 550 last week.  Threats of a serious recession & the thought of Congress approving a massive funding bill for the rest of he fiscal year to Sep 30 aee not warming the hearts of investors.  At least there was bargain hunting in the last hour of trading today. 34,589

Dow Jones Industrials