Friday, January 25, 2019

Wall Street Wrap

The overall market just didn't indicate much of a direction this week. The SPY (ETF that tracks the S&P 500) opened and closed within last week's open and close. 

For the week, the S&P 500 fell 0.2% while the Dow and Nasdaq each inched 0.1% higher and the Russell 2000 finished flat. The two-year U.S. Treasury yield closed the week at 2.60% and the 10-year finished at 2.75%.



Housing weakness is a cause for concern. Keep your eye on this (I found the report on Seeking Alpha). This may signal trouble in both economic growth and the markets. (What I like about Seeking Alpha is their very comprehensive and flexible system for email alerts. I even get my broker's articles via this system.) 








Good news: U.S. will become net energy exporter in 2020s. The EIA released its Annual Energy Outlook for 2019, which includes projections out to 2050. Some of the key takeaways include the projection that the U.S. will become a net energy exporter in the 2020s, due to surging natural gas and oil production. The U.S. has been a net energy importer since 1953.

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