Sustainability and the Olympics
The markets look to finish a little lower this week on renewed concerns over the newly named COVID-19 coronavirus.
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.
With the holidays soon upon us, the news has gotten decidedly slow. However, it does seem a trade deal is imminent as of this writing, which is a nice step toward more normal trade relations with China.
Despite a number of sharp swings this week, the markets look to finish near where they started. News regarding trade with China, as well as potential new tariffs threatened by President Trump, whipsawed investors who traded with reckless abandon.