Bears Gain Ground as Trump Presidency Begins

Weekly Market Summary On Friday, Donald J. Trump was sworn in as the 45th President of the United States. Leading up to Inauguration Day, the “Trump Rally” had been losing its momentum, with the Dow Jones Industrial Average posting five straight losses before rising on Friday. In addition, Over the 10 trading days through Thursday,…

 

Bears Gain Ground as 2016 Draws to a Close

Weekly Market Summary U.S. stock markets ended 2016 on a bit of a losing streak, capping off what was otherwise an impressive year for stocks. The Dow Jones Industrial Average (DJIA) lost 0.9% this week to close at 19,762.60, snapping its historic weekly win streak. The blue-chip index’s short-lived foray above 20,000 has us viewing…

 

Fed Raises Rates While Dashboard Indicators Stand Pat

Weekly Market Summary After going a year since its last rate increase, the Federal Reserve announced this week that it was raising the benchmark federal funds rate by a quarter percentage point—to between 0.50% and 0.75%—and that officials now expect to raise short-term rates more often in 2017. This is only the second rate increase…

 

Stocks Take a Break from “Trump Rally,” Market Dashboard Holds Steady

Weekly Market Summary U.S. stocks took a break this week from their “Trump rally.” Growing political uncertainty in Italy, as well as lukewarm domestic jobs data, had investors tapping the brake. The U.S. economy added enough jobs in November to raise expectations that the Federal Reserve will boost interest rates at its policy meeting later…

 

CI Market Dashboard: Bulls Tighten Grip in Post-Election Rally

Weekly Market Summary This week saw U.S. stocks, for the most part, continue their upward march in the wake of Donald Trump’s presidential election victory. Major indexes hit record highs and the U.S. dollar, as measured by the U.S. Dollar Index, climbed to a 13-year high. It also seems a near certainty that the Federal…

 

CI Market Dashboard: Bulls Make Slight Retreat This Week

Weekly Market Summary The Dow Jones Industrial Average (DJIA) eked out a nearly 0.1% gain for the week and closed at 18,161.19. The index has been trading in a narrow range for the last couple of weeks, bounded to the upside by the 50-day moving average (18,272.32). To the downside, we still look for round-number…