Federal Reserve Chairman Ben Bernanke's announcement in Jackson Hole today prompted optimism and increased commodities activity. While ambiguous, Bernanke's promise to consider further government support, invigorated oil, gold, wheat, corn and soybeans
Treasury yields have fallen below S&P 500 dividend yields, which occurs rarer than a Blue Moon. S&P's Stovall says historically, stocks have moved significantly higher 12 months later.
The broader energy sector sunk today as debt concern and a rising dollar pushed shares of major oil companies lower. At $87 a barrel some analysts are worrying major companies will engage in fewer projects in the upcoming months.
Worries over the payroll reversed gains from yesterday's positive manufacturing reports within the energy sector. Natural gas got a boost on several Wells Fargo upgrades.