Friends

After yesterday’s AI earthquake, things were able to settle down a bit today. Yesterday’s damaged Generals were able to recover some and the market averages were able to post gains. Remember, we get a Fed decision on interest rates tomorrow (we don’t expect any change) and tons of big earnings reports over the next few days.

As for today, by the close the Dow Jones Industrial Average was up 136 points to finish the day at 44,850. The S&P 500 was up 55 points to close at 6,067. The Nasdaq Composite Index was up 391 points to close at 19,733. Gold was up $34 to trade at $2,772 per ounce, while oil was up $.76 to trade at $73.93 per barrel WTI.

There is so much happening all at once, it’s hard to determine what is affecting the markets and what is simply background noise. Whatever the case, it’s a very interesting moment for the markets. Let’s see what Fed Chair Powell has to say tomorrow.

Have a nice evening everyone.

Jim