Yet again, another week with
stocks pushing into record territory. For
the week, the Dow gained 0.7%, the S&P rose 0.4% and the Nasdaq was slightly
lower by 0.2%. Gold posted a decent gain of 1.3%. Oil has seen tremendous losses recently,
which is great for gas prices, closing the week down 0.5% to a five-year low of
$76.51 per barrel. The international
Brent oil, used for much of our gas here in the East, was also lower
Source: Google Finance
We
don’t have the time to do a full, proper market commentary this week. However, that gives us the opportunity to
show in pictures what we believe is presently having the most impact on the
stock market.
Finally, the one chart that
shows a strong correlation to the stock market:
As
the central bank prints money and grows its balance sheet, that money flows
into the stock market. Further, this
chart only shows our central bank. Other
banks around the globe are printing money at even faster rates, openly buying
stocks and stock derivatives and pushing stocks higher.
This commentary is for informational purposes and is not investment
advice, an indicator of future performance, a solicitation, an offer to buy or
sell, or a recommendation for any security. It should not be used as a primary
basis for making investment decisions. Consider your own financial
circumstances and goals carefully before investing. Past performance cannot guarantee results.