More Of The Same-Quiet

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More Of The Same-Quiet

By: Jim Carlton on December 19, 2019

Independent Investment Management designed to protect and grow your wealth.

Friends

Again, not surprisingly, it was another quiet day of trading as we steer this ship towards Christmas and the year end. Other than the impeachment proceedings going on in the House of Representatives (which the market seems to care little about) there really isn’t much market moving news at the moment.

For the day, the Dow Jones Industrial Average was down 27 points to close at 28,239. The S&P 500 was down 1 point to trade at 3191. Gold was mainly unchanged, trading at $1,479 per ounce, while oil was also mainly unchanged, trading at $60.94 per barrel WTI.

On the earnings front, Fed Ex had a very disappointing report after the close yesterday (continuing a string of disappointments from the company). Its shares took a bit of a drubbing, but these one off earnings disappointments haven’t yet affected the overall market, as stocks continued to grind higher. Let’s see if anything changes before week end. It doesn’t seem likely.

Have a nice evening everyone.

Jim

10200 Grogan’s Mill Road, Suite 340
The Woodlands, TX 77380
(281) 298-2700 Phone
(877) 824-4299 Toll Free
(281) 298-2760 Fax

info@chjwealthmanagement.com www.chjwealthmanagement.com

Investment Advisory offered through Carlton, Hofferkamp & Jenks Wealth Management, LLC (“CHJ”).

*Numbers and figures sourced from the following: Bloomberg.com, CNBC.com and Finance.Yahoo.com.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and cannot be invested into directly.

CHJ Wealth Management,
10200 Grogan’s Mill Road,
Suite 340
The Woodlands, TX 77380