Friends
It was another very quiet trading session with mixed results once again. The bond market was back open today, but that didn’t seem to make much of a difference. The President gave a speech focused on economics, but that didn’t seem to fire up any animal spirits either. For the most part, it appears that market participants are caught between the fear of buying at new highs and the fear of missing out should stocks go higher into year end.
For the day, the Dow Jones Industrial Average was down a fraction to close at 27,691. The S&P 500 was up 4 points to finish the day at 3091. Gold was up $1 to trade at $1,458 per ounce, while oil was down $.08 to trade at $56.78 per barrel WTI.
The most talked about thing today was the first day of Disney’s new streaming service. If you have Verizon, you evidently get one year free. Regardless, given the buzz, it appears that it will be a very popular offering from Mouse House. As for the markets, let’s see if the week picks up any steam as we roll along.
Have a nice evening everyone. Stay warm.
