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Recap December 29: Record Highs In Stocks – Merry Christmas (Recap Ep051)

In the recap of this week, we found that 2019 was a great year for US markets: S&P 500 up more 28.5%, Dow Jones up over +22%, & the NASDAQ up over +34%, Russell 2000 up near +24%. U.S. market on course for its best year since 2013. U.S. 7- to 10-year Treasuries have returned roughly 8%, while U.S. top-quality corporate bonds returned 17%.

International Brent crude rose towards $68 a barrel (U.S. WTI to $62) its highest level in over 3 months on Thursday, helped by a report showing lower U.S. crude inventories, hopes of an end to the China-U.S. trade dispute & OPEC-led efforts to constrain supply. The API late on Tuesday said that U.S. crude stocks fell by 7.9M barrels last week, much more than the decline forecast by analysts.

Amazon was the most traded U.S. stock on Thursday. Shares of the online U.S. retailer rose more than 4.4% to $1868.77 after the firm said it had its best holiday season on record. The stock is up over 21% in 2019.

Lost Aksum city found in Ethiopia; Argentina has spent 33% of the last 70 years in recession; Libra has failed in its current form according to the swiss president; Two decades of Putin in power; typhoon in the Philippines; Evo Morales to return to Bolivia; Mexico’s economy contracted.

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