Friends
It was a very quiet day of trading as market participants didn’t seem to have conviction in any direction. The bulls have had most of the fun so far this year, while the bears have been waiting for something to break. The strike at the East coast and Gulf coast ports could be a problem for the bulls and a catalyst for the bears, but it’s too early to make that call.
In the meantime, for the day the Dow Jones Industrial Average was up 39 points to finish the day at 42,196. The S&P 500 was up a fraction to close at 5,709. The Nasdaq Composite Index was up 14 points to close at 17,925. Gold was down $10 to trade at $2,679 per ounce, while oil was up $1.08 to trade at $70.91 per barrel WTI.
So far, we are off to a bit of a sloppy start to the 4th quarter. Let’s see how the rest of this week plays out. Stay tuned.
Have a nice evening everyone.
