News that the Dow broke through 25,000 yesterday was not universally celebrated. A market index achieved a specific numerical barrier — so what? The importance of such events is at best anecdotal, and their celebration in the media is increasingly regarded as humbug. Is there any truth – one might ask – to the theory Read more […]
In grid-iron football, The Red Zone refers to the area between the 25 yard line and the goal line, the last remaining ground the offense must battle through in order to score a touchdown. This is a somewhat apt metaphor for what we’re currently witnessing with the Dow Jones Industrial Average. Unless you’ve been living Read more […]
The Dow Jones Industrial Average ended 2016 at 19,762.60 – up 2.337.57 points for a 13.42% annual return, the best year since 2013 when the market surged over 26%. Biggest Themes – markets were driven by the crash (and partial recovery) in oil prices, Fed-watching, China, Brexit and questions regarding the US economy. Oh yeah, Read more […]
The Dow Jones Industrial Average ended September at 16,284.70 – down 1,538.37 points year to date for a -8.63% return. Q3 2015 was the worst calendar quarter since Q3 2011. Leader & Laggard – Nike (NKE) was the biggest contributor during Q3; Goldman Sachs (GS) was the biggest detractor. Industry Performance – the Consumer Goods Read more […]
This morning (September 10th) S&P Dow Jones Indices announced three deletions and additions for the Dow Jones Industrial Average. This post explains why we made these changes. The press release is on www.spdji.com The Dow is price weighted – each stock’s weight is the ratio of its price to the total of the prices of Read more […]
The number 25. Christmas Day. The atomic number of manganese. The jersey number typically reserved for a baseball team’s best slugger. And to date in 2013, the number of new highs hit by the Dow Jones Industrial Average. Year to date through Friday (July 12) the Dow, ending the session at 15,464.30, has closed at Read more […]
