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…

 

“Trump Rally” Catches Second Wind, Market Dashboard Holds Steady

Weekly Market Summary This week marked the one-month anniversary since Hillary Clinton conceded the presidential election to Donald Trump. The so-called “Trump Rally” in U.S. stocks caught its second wind this week on the wings of strong consumer sentiment data and rising oil prices. On Wednesday, several of the major U.S. indexes posted their biggest…

 

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…

 

CI Market Dashboard Reaches Historically-Low Bullish Level

Weekly Market Summary The Dow Jones Industrial Average (DJIA) lost 0.6% for the week, posting its second consecutive weekly loss to close at 18,138.38. For yet another week, the 50-day moving average (18,352.62) appears to be a resistance point to the upside. To the downside, we look for round-number support at 18,000. The S&P 500…