Friends
It isn’t a real surprise that trading in stocks today was very quiet. From the get go, the tone to the market had a negative bias, but there really wasn’t much enthusiasm for either side of the trading ledger in today’s session. After stocks drifted to a sizable double digit loss in the Dow early in the morning, they tried to erase those losses as the day wore on.
By the close, the Dow Jones Industrial Average was down 23 points to finish the day at 17,528. The S&P 500 was down 4 points to close at 2056. Gold was down $8 to trade at $1067 per ounce, while oil was down $1.29 to trade at $36.81 per barrel WTI.
We wouldn’t expect a whole lot of action this week, as traders seem content to just square their books and coast the rest of the year. It has been a difficult year for the professionals as not a lot has worked (as we have chronicled lately). With the Fed move behind us, lukewarm earnings and a struggling economy seem to be foremost on market participants minds as we close 2015. Let’s see how the last few trading days unfold.
I saw this cartoon on twitter today. I don’t know who to credit for it, but I thought you might enjoy it.
Have a nice evening everyone.
