While markets were slightly higher on the week (see table), there was a clear rotation back toward technology after several weeks of a lull for that sector. This is clearly shown by the week’s Nasdaq outperformance. January 22 January 15 % Change DJIA 30,997 30,814 +0.6% Nasdaq 13,543 12,999 +4.2% S&P 500 3,841 3,768 +1.5% Markets continue to ignore economic reality and continue to be focused on a rosy …Read More
Tag Archives: DJIA
What Normal Could Look Like
The economy of the future will feature more consumer savings, and business balance sheet repair (more cash, more cost, lower profits, and deferred capital expenditures). After an initial spike up likely starting in June and continuing into Q3, growth will be difficult. Unemployment, after spiking to the mid-20% range, will come down slowly, remaining in double digits for 2020 and perhaps getting below 10% in 2022. Inflation Inflation is coming, …Read More
