---
title: Market Commentary - Week ending January 5, 2018
description: Read our weekly market commentary. It contains key events & market roundup. Pacific Investment Research provides financial planning and retirement strategies.
image: https://info.pacificinvestmentresearch.com/hubfs/Guages_1.3-02.jpg
---

[Blog](http://138.68.1.151/insights/the-pir-blog/) [Client Login](https://myaccountviewonline.com/accountview)

- [About](https://pacificinvestmentresearch.com/about-pacific-investment-research/) 
    - [Meet the Team](https://pacificinvestmentresearch.com/about-pacific-investment-research/meet-the-team/)
    - [Our Fees](https://pacificinvestmentresearch.com/about-pacific-investment-research/our-fees/)
    - [Contact Us](https://pacificinvestmentresearch.com/contact-us/)
- [Why Pacific?](https://pacificinvestmentresearch.com/why-pacific/) 
    - [Are We Right for You?](https://pacificinvestmentresearch.com/why-pacific/are-we-right-for-you/)
    - [Key Facts & Credentials](https://pacificinvestmentresearch.com/why-pacific/key-facts-credentials/)
    - [Active Management](https://pacificinvestmentresearch.com/why-pacific/active-management/)
    - [Money Management Expertise](https://pacificinvestmentresearch.com/why-pacific/no-middle-man/)
- [Who We Serve](https://pacificinvestmentresearch.com/who-we-serve/) 
    - [Case Study 1 - Pre Retirement](https://pacificinvestmentresearch.com/who-we-serve/case-study-1/)
    - [Case Study 2 - Early Retirement](https://pacificinvestmentresearch.com/who-we-serve/case-study-2/)
    - [Case Study 3 - Mid-Late Retirement](https://pacificinvestmentresearch.com/who-we-serve/case-study-3/)
- [What We Do](https://pacificinvestmentresearch.com/what-we-do-2/) 
    - [Investment Management](https://pacificinvestmentresearch.com/what-we-do-2/plan-your-financial-future/)
    - [Comprehensive Planning](https://pacificinvestmentresearch.com/what-we-do-2/financial-planning/)
    - [How We Work Together](https://pacificinvestmentresearch.com/what-we-do-2/how-it-works/)
- [Insights](https://info.pacificinvestmentresearch.com/blog) 
    - [The PIR Blog](https://info.pacificinvestmentresearch.com/blog)
- [Free Offers](https://pacificinvestmentresearch.com/free-offers/) 
    - [Complimentary Meeting](https://pacificinvestmentresearch.com/free-offers/free-financial-check-up/)
    - [Speak with a Financial Professional](https://pacificinvestmentresearch.com/speak-with-a-financial-professional/)
    - [Second Opinion - Investment Review](https://pacificinvestmentresearch.com/free-offers/second-opinion-reviews/)
    - [How to Select an Advisor - Free Guide](https://pacificinvestmentresearch.com/free-offers/ebook-offer/)
- [Client Login](https://pacificinvestmentresearch.com/client-login/)

### Posts by Topic

- [Market Commentary (123)](https://info.pacificinvestmentresearch.com/blog/topic/market-commentary)
- [Market Snapshot (35)](https://info.pacificinvestmentresearch.com/blog/topic/market-snapshot)
- [Retirement Planning (22)](https://info.pacificinvestmentresearch.com/blog/topic/retirement-planning)
- [Insider (3)](https://info.pacificinvestmentresearch.com/blog/topic/insider)
- [Buying Your Retirement Home (1)](https://info.pacificinvestmentresearch.com/blog/topic/buying-your-retirement-home)
- [Social Security Topics (1)](https://info.pacificinvestmentresearch.com/blog/topic/social-security-topics)

see all

[![PIR](https://info.pacificinvestmentresearch.com/hubfs/Pir_May_2017_-theme/Images/logo.png)](https://pacificinvestmentresearch.com/)

- [About](https://pacificinvestmentresearch.com/about-pacific-investment-research/) 
    - [Meet the Team](https://pacificinvestmentresearch.com/about-pacific-investment-research/meet-the-team/)
    - [Our Fees](https://pacificinvestmentresearch.com/about-pacific-investment-research/our-fees/)
    - [Contact Us](https://pacificinvestmentresearch.com/contact-us/)
- [Why Pacific?](https://pacificinvestmentresearch.com/why-pacific/) 
    - [Are We Right for You?](https://pacificinvestmentresearch.com/why-pacific/are-we-right-for-you/)
    - [Key Facts & Credentials](https://pacificinvestmentresearch.com/why-pacific/key-facts-credentials/)
    - [Active Management](https://pacificinvestmentresearch.com/why-pacific/active-management/)
    - [Money Management Expertise](https://pacificinvestmentresearch.com/why-pacific/no-middle-man/)
- [Who We Serve](https://pacificinvestmentresearch.com/who-we-serve/) 
    - [Case Study 1 - Pre Retirement](https://pacificinvestmentresearch.com/who-we-serve/case-study-1/)
    - [Case Study 2 - Early Retirement](https://pacificinvestmentresearch.com/who-we-serve/case-study-2/)
    - [Case Study 3 - Mid-Late Retirement](https://pacificinvestmentresearch.com/who-we-serve/case-study-3/)
- [What We Do](https://pacificinvestmentresearch.com/what-we-do-2/) 
    - [Investment Management](https://pacificinvestmentresearch.com/what-we-do-2/plan-your-financial-future/)
    - [Comprehensive Planning](https://pacificinvestmentresearch.com/what-we-do-2/financial-planning/)
    - [How We Work Together](https://pacificinvestmentresearch.com/what-we-do-2/how-it-works/)
- [Insights](https://info.pacificinvestmentresearch.com/blog) 
    - [The PIR Blog](https://info.pacificinvestmentresearch.com/blog)
- [Free Offers](https://pacificinvestmentresearch.com/free-offers/) 
    - [Complimentary Meeting](https://pacificinvestmentresearch.com/free-offers/free-financial-check-up/)
    - [Speak with a Financial Professional](https://pacificinvestmentresearch.com/speak-with-a-financial-professional/)
    - [Second Opinion - Investment Review](https://pacificinvestmentresearch.com/free-offers/second-opinion-reviews/)
    - [How to Select an Advisor - Free Guide](https://pacificinvestmentresearch.com/free-offers/ebook-offer/)
- [Client Login](https://pacificinvestmentresearch.com/client-login/)

Menu

- [Home](http://138.68.1.151/)
- Market Commentary - Week ending January 5, 2018

# Market Commentary - Week ending January 5, 2018

**The markets are rallying up, starting the new year on a very positive note and Our Short Term Indicator is BULLISH **

- The equities were off to a flying start in the first week of 2018, the Dow Jones Industrial Average got the most attention by passing the 25,000 threshold while the NASDAQ Composite breached 7,000.  The International markets  displayed strenght. As grouped by Morgan Stanley Capital International, emerging markets added 4.3% while developed markets added 2.9%.
- On the economic front the ISM Non -Manufactiring PMI index for the United States fell to 55.9 in December of 2017 from 57.4 in November and below market expectations of 57.6. This points to smallest expansion in non-manufacturing sector in past four months. To learn more visit  **[Institute for Supply Management](https://www.instituteforsupplymanagement.org/)**.

Get the full report. Please click on the link below to download your copy today. Learn more about us [visit our website](http://138.68.1.151).

[Market Commentary Week Ending 1-5-18](https://info.pacificinvestmentresearch.com/hubfs/Market%20Commentary%20Week%20Ending%201-5-18.pdf)

![Pacific Investment Research](https://app.hubspot.com/settings/avatar/315c67425e4ebf3eedbd86df2f831d03)

### Written by [Pacific Investment Research](https://info.pacificinvestmentresearch.com/blog/author/pacific-investment-research)

### Subscribe to our newsletter

# Are you prepared to retire when you want to?

Schedule your complimentary 30 minute financial overview session today.  
Book Now

### Popular Posts

- [![Everyone's Talking About: The Fed](https://info.pacificinvestmentresearch.com/hubfs/market%20vol%20pp%3B.jpg)](https://info.pacificinvestmentresearch.com/blog/everyones-talking-about-the-fed)
  
  [Everyone's Talking About: The Fed](https://info.pacificinvestmentresearch.com/blog/everyones-talking-about-the-fed)
  
   July 19, 2019
- [![Market Commentary - Week ending September 27, 2019](https://info.pacificinvestmentresearch.com/hubfs/Market%20Data%2009-30-2019.png)](https://info.pacificinvestmentresearch.com/blog/market-commentary-week-ending-september-27-2019)
  
  [Market Commentary - Week ending September 27, 2019](https://info.pacificinvestmentresearch.com/blog/market-commentary-week-ending-september-27-2019)
  
   September 30, 2019
- [![Market Commentary - Week ending February 10, 2020](https://info.pacificinvestmentresearch.com/hubfs/Guages_1.3-02-1.png)](https://info.pacificinvestmentresearch.com/blog/market-commentary-week-ending-february-10-2020)
  
  [Market Commentary - Week ending February 10, 2020](https://info.pacificinvestmentresearch.com/blog/market-commentary-week-ending-february-10-2020)
  
   February 10, 2020

[![Share on Facebook](https://static.hubspot.com/final/img/common/icons/social/facebook-24x24.png)](http://www.facebook.com/share.php?u=https%3A%2F%2Finfo.pacificinvestmentresearch.com%2Fblog%2Fmarket-snapshot-0%3Futm_medium%3Dsocial%26utm_source%3Dfacebook) [![Share on LinkedIn](https://static.hubspot.com/final/img/common/icons/social/linkedin-24x24.png)](http://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Finfo.pacificinvestmentresearch.com%2Fblog%2Fmarket-snapshot-0%3Futm_medium%3Dsocial%26utm_source%3Dlinkedin) [![Share on Twitter](https://static.hubspot.com/final/img/common/icons/social/twitter-24x24.png)](https://twitter.com/intent/tweet?original_referer=https%3A%2F%2Finfo.pacificinvestmentresearch.com%2Fblog%2Fmarket-snapshot-0%3Futm_medium%3Dsocial%26utm_source%3Dtwitter&url=https%3A%2F%2Finfo.pacificinvestmentresearch.com%2Fblog%2Fmarket-snapshot-0%3Futm_medium%3Dsocial%26utm_source%3Dtwitter&source=tweetbutton&text=Market%20Commentary%20-%20Week%20ending%20January%205%2C%202018) [![Share on Email](https://static.hubspot.com/final/img/common/icons/social/email-24x24.png)](mailto:?subject=Check%20out%20https%3A%2F%2Finfo.pacificinvestmentresearch.com%2Fblog%2Fmarket-snapshot-0%3Futm_medium%3Dsocial%26utm_source%3Demail%20&body=Check%20out%20https%3A%2F%2Finfo.pacificinvestmentresearch.com%2Fblog%2Fmarket-snapshot-0%3Futm_medium%3Dsocial%26utm_source%3Demail)

### Wondering when you can retire?

Schedule your no-pressure, free financial review today.

[Let’s Talk ❯](https://info.pacificinvestmentresearch.com/free-financial-checkup-pacific-investment-research)

#### Learn More

- [About](http://138.68.1.151/about-pacific-investment-research/)
- [What We Do](http://138.68.1.151/what-we-do-2/)
- [Who We Serve](http://138.68.1.151/who-we-serve/)
- [Why Pacific?](http://138.68.1.151/why-pacific/)
- [Contact Us](http://138.68.1.151/contact-us/)
- [Legal Information](http://138.68.1.151/legal-information/)

#### Pacific Investment Research

Pacific Investment Research is a boutique investment advisory firm that provides financial planning and investment management services to investors throughout California.  We have more than 25 years of experience helping individuals and couples accumulate and preserve the assets they need for a secure financial future.  As fee-only fiduciaries, we put our clients' best interests first.

[![CFP](https://info.pacificinvestmentresearch.com/hubfs/Pir_May_2017_-theme/Images/cfp.png)](http://www.cfp.net/)

![Badge 7](https://info.pacificinvestmentresearch.com/hs-fs/hubfs/Pir_May_2017_-theme/Images/badge7.png?width=110&name=badge7.png)

Paladin Certified

This advisor or firm is a vetted, documented member of the Paladin Registry.

Certified is Paladin’s highest level of due diligence for financial advisors and firms. Paladin has conducted background checks for the credentials and ethics that are documented in its Registry research reports.

Paladin provides free information services to investors who rely on planners and investment advisors to help them achieve their financial goals. Paladin is the only SEC registered firm that vets, validates, and documents the quality of financial professionals and firms (since 2003).

[Click Here](https://www.paladinregistry.com/financial-advisor/orange-california/Richard.Schultz) to view Paladin’s research report for this professional or firm. [![napfa](https://info.pacificinvestmentresearch.com/hubfs/Footer%20Logos/MDP-Logo.jpg)](https://www.napfa.org/firm/5176)

[![naaim](%3Chttps://cdn2.hubspot.net/hubfs/3306377/Footer%20Logos/naaim.jpg)](https://www.naaim.org/) [![mdp](%3Chttps://cdn2.hubspot.net/hubfs/3306377/Footer%20Logos/NAPFA-logo.jpg)](http://www.mdpreferredservices.com/)

#### Connect with us

- Southern California
  
  942 E Chapman Ave   
   Orange CA, 92866   
   714.731.0848   
  [info@pacificinvestmentresearch.com](https://info.pacificinvestmentresearch.com/blog/info@pacificinvestmentresearch.com)
- Northern California
  
  19925 Stevens Creek Blvd, Suite 100   
   Cupertino CA, 95014   
   408.217.6888   
  [info@pacificinvestmentresearch.com](https://info.pacificinvestmentresearch.com/blog/info@pacificinvestmentresearch.com)
- Social Networks
  
  <https://twitter.com/PacificInv> <https://www.linkedin.com/company/7967456/> <https://www.facebook.com/PacificInvestmentResearch/>
  
  <https://www.facebook.com/PacificInvestmentResearch/>

<https://www.facebook.com/PacificInvestmentResearch/>

<https://www.facebook.com/PacificInvestmentResearch/>

<https://www.facebook.com/PacificInvestmentResearch/>

<https://www.facebook.com/PacificInvestmentResearch/>

<https://www.facebook.com/PacificInvestmentResearch/>

<https://www.facebook.com/PacificInvestmentResearch/>

<https://www.facebook.com/PacificInvestmentResearch/>

<https://www.facebook.com/PacificInvestmentResearch/>

<https://www.facebook.com/PacificInvestmentResearch/>

<https://www.facebook.com/PacificInvestmentResearch/>

<https://www.facebook.com/PacificInvestmentResearch/>

<https://www.facebook.com/PacificInvestmentResearch/>

[[![PIR](https://info.pacificinvestmentresearch.com/hubfs/Pir_May_2017_-theme/Images/logo.png)](http://138.68.1.151) © 2018 Pacific Investment Research. All rights reserved.](https://www.facebook.com/PacificInvestmentResearch/)