And The Beat Goes On
Unless you’ve been intentionally trying to avoid the news, you undoubtedly know the markets were on another roller coaster of a week.
Unless you’ve been intentionally trying to avoid the news, you undoubtedly know the markets were on another roller coaster of a week.
As all of you know, the coronavirus continues to be front and center in the news and on the minds of many of us.
The markets look to finish a little lower this week on renewed concerns over the newly named COVID-19 coronavirus.
It’s been a tumultuous week as investors are playing a game of tug-o-war between the momentum that carried us into 2020 and the fear of the potential fallout from the coronavirus.
Stocks had a good week with four of the last five days finishing strongly higher. However, the spectre of the coronavirus is making headlines.
While January started off strong, most of its gains were given back this week.
The markets gave back some of the gains this week as investors received mixed economic news, and a pandemic scare that seems to repeat every ten years or so.
The year has gotten off to a good start with low interest rates and market momentum pushing investors to put cash into equities.
The Dow Jones Industrial Average topped 29,000 briefly today setting a new high, before pulling back slightly to finish the day just below this new threshold.
In the blink of an eye, the sweep of a second, and one night's sleep, we’ve slipped into the ‘20s.