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Last week, the gold spot price fell 1.7% and the U.S. Dollar Index went up 1.3%.
The major market indexes finished mixed last week. The S&P 500 Index slipped 0.3%, the NASDAQ Composite gained 0.6%, and the Russell 2000 small-capitalization index rose 1.5%. The 10-year Treasury bond yield increased 7 basis points to 3.812% and bonds weakened in price. The U.S. Aggregate Bond ETF (AGG) dropped 0.4%, and the 20-year Treasury bond ETF (TLT) tumbled 1%. Gold futures closed at $1,851.80, down $22.70 per ounce, or 1.2%.
DIY investing surged during the early years of the pandemic. A survey of online brokerage operations showed new account openings up 50%–300% in the first quarter of 2020, and the stock-trading app Robinhood added 10 million accounts in 2021, according to CNBC.
U.S. equity markets posted gains in one of the three indexes last week. The S&P 500 lost 0.28%, the NASDAQ Composite went up 0.59%, and the Dow Jones Industrial Average went down 0.13%.
Last week, the gold spot price was down 1.24% and the U.S. Dollar Index was up 0.22%.
January ETF Deathwatch contains 511 zombie ETFs and ETNs.
The market fell across different sectors and market capitalizations last week. The Dow Jones Industrial Average, the leader for the week, was down 0.17%. In the middle of the pack, the tech-heavy NASDAQ Composite fell 2.41%, and the S&P 500 lost 1.11%. Small-cap stocks experienced the steepest decline with the Russell 2000 falling 3.36%.
ChatGPT is a new artificial intelligence (AI) tool that has the potential to disrupt the investment community. It can help brainstorm new ideas, summarize research, generate code, and many other use cases that we’re only just beginning to learn about or imagine.
U.S. equity markets posted losses in all three indexes last week.
Last week, the gold spot price went up by 0.03% and the U.S. Dollar Index went up by 0.69%.
The major U.S. stock market indexes were mostly up last week. The S&P 500 increased by 1.62%, the Dow Jones Industrial Average lost 0.15%, the NASDAQ Composite was up 3.31%, and the Russell 2000 small-capitalization index rose 3.88%. The 10-year Treasury bond yield rose 2 basis points to 3.52%, taking Treasury bonds lower for the week. Spot gold closed the week at $1,864.97, down 3.27%.
Last week, the gold spot price lost 3.27% and the U.S. Dollar Index rose 0.97%.
U.S. equity markets posted gains in two of the three indexes last week. The S&P 500 increased by 1.62%, the NASDAQ Composite gained 3.31%, and the Dow Jones Industrial Average decreased by 0.15%.
The major U.S. stock indexes posted strong gains last week. The S&P 500 was up 2.47%, the Dow Jones Industrial Average gained 1.81%, the NASDAQ Composite rose 4.32%, and the Russell 2000 small-capitalization index added 2.36%. The 10-year Treasury bond yield moved up 2 basis points to 3.50%. Spot gold closed the week at $1,928.04, up 0.10%.
They say New Year’s resolutions are meant to be broken. I am sure there are at least a few readers of this article who are already frustrated this year by their inability to follow through on some of their well-intentioned resolutions. In fact, it is probably more than a few.
Last week, the gold spot price rose 0.1% and the U.S. Dollar Index fell 0.08%.
U.S. equity markets posted gains in all three indexes last week. The S&P 500 gained 2.47%, the NASDAQ Composite went up 4.32%, and the Dow Jones Industrial Average gained 1.81%.
The major U.S. equity indexes were mixed last week. The NASDAQ Composite, the only winner for the week, gained 0.55%. The Dow Jones Industrial Average fell 2.70%, the S&P 500 lost 0.66%, and the Russell 2000 dropped 1.04%. The spreads between index performance seemed to widen over the week, both on days when the indexes fell and as they recovered.
It was the fall of 1956. Action from the World Series blared from the radio. It was the New York Yankees versus the Brooklyn Dodgers, game five. Don Larsen threw his 97th pitch. “Strike!” called the umpire, and the audience witnessed perfection. Twenty-seven batters up, 27 retired—all without a hit, walk, or error. The perfect game.
Last week, the gold spot price gained 0.3% and the U.S. Dollar Index fell 0.19%.
U.S. equity markets posted gains in one of the three indexes last week. The S&P 500 lost 0.66%, the NASDAQ Composite increased by 0.55%, and the Dow Jones Industrial Average went down 2.70%.
A song by the Motown group Martha and the Vandellas kept running through my mind during 2022. The 1965 creation of the Holland–Dozier–Holland Hitsville production team, “Nowhere to Run” rose to number eight on Billboard’s Hot 100 chart and number five on Billboard’s Hot Rhythm & Blues Singles chart. It has been used in countless movies since its release. The original music video of the song was shot to the throbbing beat of the Funk Brothers at the Ford Mustang plant here in Detroit.
Inflation was a major concern for the market in 2022. The second and third quarters saw aggressive interest-rate increases in response, sending broad prices crashing. But inflation played a different role in market returns in the fourth quarter. The Federal Reserve’s actions appeared to have started working and inflation began to slow.
Last week, the gold spot price went up 2.92% and the U.S. Dollar Index lost 1.61%.
U.S. equity markets posted gains in all three indexes last week. The S&P 500 rose 2.67%, the NASDAQ Composite increased by 4.82%, and the Dow Jones Industrial Average gained 2%.
The major U.S. stock market indexes were up last week. The S&P 500 increased by 1.45%, the Dow Jones Industrial Average gained 1.46%, the NASDAQ Composite was up 0.98%, and the Russell 2000 small-capitalization index rose 1.79%. The 10-year Treasury bond yield fell 32 basis points to 3.56%, taking Treasury bonds higher for the week. Spot gold closed the week at $1,865.69, up 2.28%.
The market is funny. No matter what your perspective is when you look at it, you can almost always find something to support your opinion. Searching for or favoring data that aligns with your existing beliefs is called “confirmation bias.” It can be found in all disciplines, but the way it shows up in investing is particularly interesting.
Last week, the gold spot price was up 2.28% and the U.S. Dollar Index went up 0.34%.
U.S. equity markets posted gains in all three indexes last week. The S&P 500 was up 1.45%, the NASDAQ Composite was up 0.98%, and the Dow Jones Industrial Average was up 1.46%.
December ETF Deathwatch contains 512 zombie ETFs and ETNs.
The major market indexes finished mostly lower last week. The S&P 500 Index slipped 0.1%, the NASDAQ Composite declined 0.3%, and the Russell 2000 small-capitalization index rose 0.02%. The 10-year Treasury bond yield rose 236 basis points to 3.88% and bonds struggled. The U.S. Aggregate Bond ETF (AGG) dropped 1.0%, and the 20-year Treasury Bond ETF (TLT) tumbled 2.55%. Gold futures closed at 1,826.20, up $30.30 per ounce, or 1.7%.
We all have insurance of some kind—health, auto, life, disability, renters, and/or home. Just in case … When we drive, we have our seat belts and lots of new safety features for our car, like airbags. The roads have markings, safety engineering, and guard rails on the riskiest stretches. Just in case …
U.S. equity markets posted losses in all three indexes last week. The S&P 500 decreased by 0.14%, the NASDAQ Composite fell 0.30%, and the Dow Jones Industrial Average lost 0.17%.
Last week, the gold spot price rose 1.44% and the U.S. Dollar Index fell 0.76%.
The major U.S. equity indexes were mixed last week. The Dow Jones Industrial Average was the only index with gains, rising 0.86%. The tech-heavy NASDAQ Composite lost the most, falling 1.94%. The S&P 500 and Russell 2000 Indexes fell 0.2% and 0.14%, respectively.
Years ago, a harrowing news story that ultimately ended in triumph reminded me of the benefits of having a plan B. It all began on August 5, 2010, with the collapse of the main ramp into a small gold and copper mine located in the remote Atacama region of Northern Chile. More than 30 miners were missing. Then, two days later, as hundreds of their fellow miners worked to find some sign of life, a new cave-in brought the rescue efforts to a halt.
U.S. equity markets posted gains in one of the three indexes last week. The S&P 500 lost 0.20%, the NASDAQ Composite was down 1.94%, and the Dow Jones Industrial Average was up 0.86%.
Last week, the gold spot price was up 0.29% and the U.S. Dollar Index decreased by 0.37%.
The major U.S. stock market indexes finished down last week. The Dow Jones Industrial Average lost 1.7%, the S&P 500 Index slipped 2.1%, the NASDAQ Composite tumbled 2.7%, and the Russell 2000 small-capitalization index fell 1.9%. The 10-year Treasury bond yield gave up 9 basis points to yield 3.488%, and most bonds increased slightly in value. Gold futures closed at $1,802.50, down $8.20 per ounce, or 0.45%.
As I read through various 2022 recaps from the general media and financial press, one theme becomes abundantly clear—and hardly surprising: 2022 was extremely challenging on many fronts. In a recent article, consulting firm McKinsey & Company put it succinctly: “The past year has been anything but ordinary.”
Last week, the gold spot price fell 0.24% and the U.S. Dollar Index decreased by 0.1%.
U.S. equity markets posted losses in all three indexes last week. The S&P 500 went down 2.08%, the NASDAQ Composite was down 2.72%, and the Dow Jones Industrial Average lost 1.66%.
November ETF Deathwatch contains 505 zombie ETFs and ETNs.
The major U.S. stock indexes declined last week. The S&P 500 fell 3.37%, the Dow Jones Industrial Average lost 2.77%, the NASDAQ Composite dropped 3.99%, and the Russell 2000 small-capitalization index took the largest hit with a 5.08% loss. The 10-year Treasury bond yield rose 9 basis points to 3.58%, taking bond prices lower for the week. Spot gold closed the week at $1,797.63, down 0.02%.
“Nothing is certain except death and taxes.” How often that phrase has been quoted since Ben Franklin penned it in a letter to his friend, the French scientist Jean-Baptiste Leroy, in the midst of the French Revolution.
Last week, the gold spot price went down 0.02% and the U.S. Dollar Index was up 0.25%.
U.S. equity markets posted losses in all three indexes last week. The S&P 500 decreased 3.37%, the NASDAQ Composite was down 3.99%, and the Dow Jones Industrial Average fell 2.77%.
The major U.S. stock market indexes rose last week. The tech-heavy NASDAQ Composite led the way with a 2.09% return, the Russell 2000 jumped 1.27%, the S&P 500 gained 1.13%, and the Dow Jones Industrial Average increased by 0.24%. Most of the week’s returns were driven by a large increase in the indexes on Wednesday (November 30) in response to comments from the Federal Reserve.
Norm, a character on the 1980s sitcom “Cheers,” is a down-on-his-luck type of guy and a regular at the titular Boston pub. He tries to get ahead but never quite makes any progress. So every day he comes back to the place “where everybody knows your name.”
U.S. equity markets posted gains in all three indexes last week. The S&P 500 was up 1.13%, the NASDAQ Composite increased by 2.09%, and the Dow Jones Industrial Average went up 0.24%.