Friends
It ends up being a very good week for the bulls. First, the Fed delivered the more moderate/dovish message that the markets were hoping for, and as we enter the weekend, there is hope that some sort of trade agreement will come out of the G20 summit. So, after the disaster that was October, November, though volatile, ends up being good to the bulls.
As for today, by the close the Dow Jones Industrial Average was up 199 points to finish the day at 25,538. The S&P 500 was up 22 points to close at 2,759. Gold was down $3 to trade at $1,227 per ounce, while oil was down $.94 to trade at $50.51 per barrel WTI.
We’ll come in Monday morning with whatever the news is out of the G20 meeting, and markets are going to be reacting to that news. Let’s see if conditions will be set for a rally into year end, topped off by a Santa Claus rally. We’ll let you know how things play out on Monday. Stay tuned.
Have a great weekend everyone.
