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.
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Market Commentary Week Ending 1-5-18