Friends
After last Friday’s odd, headline driven, last minutes drop in stock prices, the buyers were back in action today. Proclamations of what will work in 2018 were abundant on the business cable news channels, but today’s winners looked similar to the winners we have seen for some time. We’ll talk more about what’s in store in 2018 in our quarterly piece in the days ahead, but we head into the new year with stocks at all-time highs, and a distinct sense of complacency. That’s just an observation, not the seeds of a prediction (we don’t partake in that game).
As for today, by the close the Dow Jones Industrial Average was up 104 points to close at 24,824. The S&P 500 was up 22 points to close at 2,695. Gold was up $10 to trade at $1,319 per ounce, while oil was down a fraction to trade at $60.40 per barrel WTI.
A nice start to the new trading year. It’s should be an interesting year. Buckle up and come along for the ride with us. We’ll keep you informed and up to date.
Have a nice evening everyone.
