Week 2 Market Recap

Markets were mixed in the second week of the year with large U.S. stocks (the S&P 500) down fractionally while small U.S. stocks continued to inch higher by 0.4%. International stocks continued to meaningfully outpace U.S. stocks in the second week with gains of nearly 1% for developed countries and more than 2% for emerging countries. Real estate, or publicly traded REITs were the loser this week down more than 2%.

Notable Market Headlines

Market Leaders

Top 10 Performers – Summary

Notable Winners

Market Laggards

Bottom 10 Performers – Summary

Economic Indicator - Reported

December Retail Sales: +0.6%. Excluding cars and gasoline, sales were flat which certainly did not make for a good holiday season for the country’s retails.

As one would expect, e-commerce sales are growing at a much faster pace than total retail sales:

Economic Indicators – Upcoming

Investor Trivia

The Dow Jones Industrial Index consisting of 30 stocks is up 1,553 points since the election. Goldman Sachs, 1 of the 30 stocks, has accounted for how many of those 1,553 points?

427. In other words, 1 of the 30 stocks in the Dow Jones index is responsible for 27% of its total gain since the election. This is due to, of course, Goldman Sachs stock gaining over that time but it is more about the way in which the Dow Jones index is calculated…higher priced stocks have more impact on the Dow’s performance.

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