Daily Market Commentary

Stocks dropped again and that's 8 days in a row for the S&P 500. The Dow lost "just" 29-points, or 0.16%, but the broader indices lagged showing the broad weakness. The closer we get to the election, the more anxiety seems to be rising. Will we see a "buy the news" reaction after the election, or will the chaos just be beginning?

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Stocks fell again on Wednesday, and that's the 7th negative day in a row for the S&P 500. The losses are not huge, but they are adding up. The Dow lost 77-points but is still only about 3.5% off of its all-time high. The election uncertainty is taking it's toll and while there are sellers out there, it seems to be a lack of buyers that is keeping stocks down.

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Stocks continue to struggle as a barrage of negative Hillary Clinton headlines are pushing the polls closer and closer, and Wall Street really hadn't priced in a potential Trump victory so this seems to be a little posturing for that possibility. The Dow lost 105-points, but if there was any good news it was that the indices closed well off the lows as the Dow recovered from an earlier 200-point deficit.

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Stocks were mixed yesterday, in a directionless day of trading. The Dow lost 19-point while the S&P 500 and Nasdaq closed flat as the emotions revolving around this upcoming election play out. The Dow Transportation Index and the small caps both had strong days.

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Stocks were cruising right along on Friday but an early afternoon news headline regarding the election pushed stocks off the table and the respectable early gains turned into some modest losses. The Dow gave up an 88-point gain and ended with an 8-point loss. Normally a positive boost for stocks, this election has been anything but, so far.

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