Friends
Stocks continued higher today as we move into the Thanksgiving holiday. Economic data continues to provide enough weakness for the Fed to go ahead with a cut in the Fed Funds rate next month. In the meantime, the bulls are trying to erase the downturn of the last couple of weeks.
As for today, by the close the Dow Jones Industrial Average was up 314 points to finish the day at 47,427. The S&P 500 was up 46 points to close at 6,812 . The Nasdaq Composite Index was up 189 points to close at 23,214. Gold was up $22 to trade at $4,162 per ounce, while oil was up $.71 to trade at $58.66 per barrel WTI.
In this season of giving thanks, I want you all to know how grateful I am that you allow us to be part of your financial journey. I am also very thankful for the wonderful team around me here at CHJ. I hope you are able to be with your loved ones tomorrow to enjoy this wonderful holiday.
From all of us here at CHJ, Happy Thanksgiving!
