Say It Ain't So, Steamboat Willie
The first week of the new year got off to a slow start.
The first week of the new year got off to a slow start.
To close the year, I bring you ChatGPT’s delightful version of ‘Twas the Night Before Christmas – the stock market edition.
Well, I don’t want to jinx us but have you seen what the market has been doing lately?
With many stocks hitting new 52-week highs and some even hitting new all-time highs, it shouldn’t come as a surprise that the gains slowed a bit this week.
The markets look to finish the week higher, with the Dow Jones Industrial Average pulling away more than its peers.
It appears all three major market indices will close higher for the third consecutive week.
This marks the second consecutive week of gains in the markets on the back of a dovish Federal Reserve statement and economic data pointing to a trending slowdown.
Uncertainty is the word of the week and perhaps the challenge of the month.
It might have felt like nothing went well this week considering the headlines, but in actuality, the markets held up better than expected.
Thank goodness September is over. In typical fashion, it has been a less-than-stellar month.