Monday, December 14, 2020

MARKETS YTD PERFORMANCE - MBrew 12/14/20

 

MARKETS YTD PERFORMANCE

 

NASDAQ

12,377.87

+ 37.95%

S&P

3,663.46

+ 13.39%

DOW

30,046.37

+ 5.28%

GOLD

1,843.50

+ 21.28%

10-YR

0.906%

- 101.40 bps

OIL

46.56

- 23.93%

*As of market close

  • Brexit: The EU and the UK agreed to extend trade negotiations, and this thing is officially dragging on longer than a college graduation ceremony. Their joint statement sums up the situation well: "Despite the exhaustion after almost a year of negotiations, despite the fact that deadlines have been missed over and over, we think it is responsible at this point to go the extra mile."
  • Stocks: You won't see it in the chart above, but the small-cap Russell 2000 is outperforming the S&P 500 this year (up 15% vs. 13%). Companies like Macy's, Spirit Airlines, and Denny's have been driving the index higher this month. 

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