Daily Market Commentary

We saw some of volatility kick in on Friday but the market dodged what looked like was going to be an old fashioned drubbing. We know how this year has gone for stocks - pullbacks and sell-offs haven't lasted weeks or days. They can now be measured with a stop watch. The Dow closed down 41-points so it got back nearly all of the earlier 350-point loss we saw after a 400-point - high to low - decline that started at about 11 AM ET. ...

Stocks rallied on Thursday as the tax cuts moved a step closer. The Dow gained 332-points on the day, outperforming the S&P 500 and Nasdaq, although all of them had solid days. It was the biggest one-day gain for the Dow since March 1. ...

It was a big day for stocks despite a few news events that we might have thought would have sank the market. But no -- the Dow gained 256-points and we saw gains of close to, or more than, 1% in most of the major indices. The Nasdaq lagged with just a 0.49% gain.
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Stocks were mixed on Monday, a day where the seasonality charts suggested we could see a little breather after a Thanksgiving week rally. The Dow gained 23-points while the Nasdaq and S&P saw small losses. The small caps, I-fund, and Transports took bigger hits.
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Stocks had a strong Thanksgiving week although the normally positive Wednesday and Friday saw just minor gains after Tuesday's big rally stole their thunder. Over those two days the Dow lost about 32-points, the S&P gained 3-points, and the Nasdaq picked up about 27-points. Small caps posted a small gain but it was the I-fund that led as the dollar took another dive.
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