Updates on how dynamic, risk-managed investment solutions are performing in the current market environment.
The major stock market indexes finished higher last week. The Dow Jones Industrial Average gained 0.6%, the S&P 500 Index rose 1.9%, the NASDAQ Composite climbed 4.2%, and the Russell 2000 small-capitalization index increased 2.2%. The 10-year Treasury bond yield and its price ended the week essentially flat. Last week, spot gold closed at $1,855.61, up $27.16 per ounce, or 1.5%.
One of my favorite gifts for Christmas was Haley Reinhart’s album “What’s That Sound?” Reinhart was a finalist on “American Idol” in 2011. I was repeatedly surprised while watching the show by the range and emotive power of her singing voice, and I have followed her career ever since. In recent years, she has been one of the stars of Scott Bradlee’s popular Postmodern Jukebox shows.
The major stock market indexes finished mixed last week. The Dow Jones Industrial Average gained 1.4%, the S&P 500 Index rose 1.4%, and the NASDAQ Composite increased 0.7%. In contrast, the Russell 2000 small-capitalization index lost 1.5%. The 10-year Treasury bond yield and its price ended the week essentially flat. Last week, spot gold closed at $1,898.02, up $14.59 per ounce, or 0.8%.
A short fragment of poetry over 2,600 years old set the academic world ablaze when it was cited in 1951. Attributed to one of the greatest Greek poets, Archilochus of the Greek island of Paros, was this simple phrase: “Πόλλ᾽ οἶδ᾽ ἀλώπηξ, ἀλλ’ ἐχῖνος ἕν μέγα.” The fox knows many things, but the hedgehog knows one big thing.
Over the years I have written about “Plan B Investing” and “Just-In-Case Investing.” Both of these are similar but different.