Weekly Market Commentary 9/18/2017

The S&P 500 hit 2500 last week.  That is the first time in history that has happened.  The Dow and the NASDAQ were up as well. 1

  • S&P 500 was up to 2500.23 – +.18%1
  • DOW was up to 22,268.34 – +.29%1
  • Nasdaq was up to 6,448.47 – +.30%1

The Federal Reserve is going to have a meeting that we all need to pay attention to.  They are expected to announce the start of a reduction of the 4.4 trillion dollar balance sheet at the meeting Wednesday.  This could affect the markets in a negative way.  The Fed bought treasury and mortgage bonds during the financial crisis of 2007-09 to help stimulate the economy. 2

Bitcoin and cryptocurrencies remain very volatile.  The Chinese media reported that the county’s regulators were moving closer to shutting down their exchanges.  When that news came the price plummeted but it looks to have rebounded.3

% CHANGE Y-T-D 1-YR CHG 5-YR AVG 10-YR AVG
DJIA +12.68 +22.27 +12.76 +6.57
NASDAQ +19.79 +22.84 +20.51 +14.78
S&P 500 +11.68 +16.44 +14.11 +6.85
REAL YIELD 9/15 RATE 1 YR AGO 5 YRS AGO 10 YRS AGO
10 YR TIPS 0.35% 0.22% -0.76% 2.20%

Sources: wsj.com, bigcharts.com, treasury.gov – 9/15/17

Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly. These returns do not include dividends. 10-year TIPS real yield = projected return at maturity given expected inflation.

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Citations

  1. http://www.businessinsider.com/stocks-market-today-september-15-2017-9?utm_source=markets&utm_medium=ingest
  2. http://www.businessinsider.com/fed-set-to-start-reversing-crisis-era-monetary-policy-2017-9?utm_source=markets&utm_medium=ingest
  3. http://www.businessinsider.com/bitcoin-price-update-monday-september-18-2017-9?r=UK&IR=T?utm_source=markets&utm_medium=ingest
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