Not surprisingly, new record highs as bull-run continues!
February 19th 2017
Market Review
U.S. stocks finished another week of gains with the major averages at record highs. For the week, the Dow Jones Industrial Average gained 1.8 percent to end at 20,624.05. The S&P 500 recorded a weekly climb of 1.5 percent over the five days to 2,351.16. The Nasdaq rose 1.8 percent from last Friday’s close to end at 5,838.58. Most key S&P sectors ended in positive territory for the week, led by financials. Energy was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 11.5. Read MoreMarket is moving right in line with our recent outlook!
February 12th 2017
Market Review
U.S. stocks finished the week with gains with all three major averages hitting new records. The Dow Jones Industrial Average gained 1.0 percent for the week to close at 20,269.37. The S&P 500 booked a weekly gain of 0.8 percent and closed at 2,316.10. The Nasdaq advanced 1.2 percent to end at 5,734.13. Most key S&P sectors finished higher, led by industrials. The CBOE Volatility index (VIX), widely considered the best gauge of fear in the market, traded near 10.82. Read MoreShort-term oriented consolidation ahead but tape remains constructive!
February 5th 2017