Stock Market Update - January 31, 2021

 Looks like we are finally getting a bit of a correction.

There has been lots of turbulence and excitement over the last couple of weeks related to GameStop and the Robinhood app. (New York Times article) 

Individual investors are still alive and kicking, and reading on reddit apparently. (CNN business article)

Meanwhile, back to stage analysis... while we had the first downturn in a while, the indicators are still green. A pullback will be welcome and logical.

 

 

 

2020 End of Year Review

 Here is a quick breakdown of how 2020 fared for stocks.

• Dow 9.7%
• S&P 17.63%
• NASDAQ 45%
• GLD 23%
  
• TIP 10%
  
• SDS (Ultra short S&P) -48%

Not a good year for the DOW in comparison to the other indexes. Great year otherwise.