---
title: Market Commentary - Week ending January 26, 2018
description: Read our weekly Market Commentary for insights and information.
---

[Insights & Updates from Pacific Investment Research](https://info.pacificinvestmentresearch.com/blog)

# [Market Commentary - Week ending January 26, 2018](https://info.pacificinvestmentresearch.com/blog/hs-previewvtyjomwp-5548999863)

 Written by [Pacific Investment Research](https://info.pacificinvestmentresearch.com/blog/author/pacific-investment-research) | 1/29/18 10:15 PM

**The markets show no signs of pause and we continue to remain Bullish as shown in Our Short Term Indicator**

- Socks continued their winning streak with fourth consecutive weekly gains. Large cap indexes outperformed their smaller cap brethren. The technology-heavy NASDAQ Composite rose 2.3%, to close at 7,505, also a record high. The large cap S&P 500 surged 2.2%, while the S&P 400 midcap index added 0.8% and the small cap Russell 2000 index added “just” 0.65%.

- In Europe, the United Kingdom’s FTSE had its second consecutive down week, losing -0.80%. In Asia, China’s Shanghai Composite followed last week’s strong gain with a 2% rise.

- Commodities: Gold rose 1.4% to end the week at $1,352.10 per ounce. Silver, which often trades similarly to gold but with more volatility, added 2.4% to close at $17.44 an ounce. Copper, which some analysts watch as an indicator of global economic health due to its variety of uses, rose 0.4% last week.

- The US economy expanded an annualized 2.6 percent on quarter in the last quarter of 2017, below 3.2 percent in the previous period and market expectations of 3 percent, the advance estimate from the BEA showed. Consumer spending rose the most in six quarters and residential investment rebounded while inventories weighed down on the growth and a surge in imports brought the net trade contribution to negative. Considering full 2017, the economy expanded 2.3 percent, higher than 1.5 percent in 2016. For more information click [here](https://www.bea.gov/newsreleases/national/gdp/2018/gdp4q17_adv.htm)

Please visit our website [www.pacificinvestmentreaserch.com](http://www.pacificinvestmentreaserch.com) for more insights . Email us at [info@pacificinvestmentreserach.com](mailto:info@pacificinvestmentreserach.com) if you have any questions.

[View full post](https://info.pacificinvestmentresearch.com/blog/hs-previewvtyjomwp-5548999863)

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