The first day of full blown trading started out with a bang on Tuesday as nearly every asset class gained several percentage points, save for the U.S. dollar which fell sharply in mid-day trading.
Equities soared with the Dow Jones Industrial Average gaining 179 points to end the day at 12,397. The S&P 500 jumped 2p19 points to close at 1277.
Commodities put equities to shame as precious metals, energy, softs and ags enjoyed multiple percentage point gains. WTI crude oil rose to over $102 a barrel in trading, reassuring energy traders that 2012 would be a bullish year for crude oil.
Meanwhile, gold stopped it’s multiple week downfall with a sharp reversal to the upside, gaining 2.3% to rise above $1600 an ounce. Silver rose over 6% and was quickly approaching $30 an ounce.
Nearly all currencies headed higher on Tuesday, including the embattled euro, which jumped nearly 1%. Pegged to the U.S. dollar, nearly every other currency posted strong gains.
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Citadel Securities told the SEC that trading tokenized equities should remain under existing market rules, a position that drew responses from various crypto industry groups. @ShannyBasar for @MarketsMedia:
SEC Commissioner Mark Uyeda argued that private assets belong in retirement plans, saying diversified alts can improve risk-adjusted returns and that the answer to optimal exposure “is not zero.” @ShannyBasar reporting for @MarketsMedia:
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