Crossing the 19,000 mark on the Dow Jones has been something that the market awaited and the lead up to the break was impressive. Nevertheless, recalling the previous 18,000 level, a good one and half years traversed between the first crossing and a clear break and we will not be surprised to see a repeat.
The more comprehensive S&P 500 index creeped up further as well to break above 2200, printing a fresh high of 2204.80 on Tuesday, much to the glee of technical traders. Undertaking the lead on Tuesday had been the telecommunication sector while the energy sector ended almost flat after Monday’s run.
A lookback into the past month finds financials and industrials the clear outperformers while the remaining gainers played catch up in the past week. President-elect Donald Trump took to the stage to share some of his plans at the start of the week. Investors will be curious to find out which sectors could experience regulatory changes that could lead to further growth.