Financial Review

2016 Review


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…..A recap of 2016. Highlights and lowlights. Tech wrap. In memoriam. Worst Bankster of the Year Award. The point of no return. Financial Review by Sinclair Noe for 12-30-2016 DOW – 57 = 19,762 SPX – 10 = 2238 NAS – 48 = 5383 RUT – 6 = 1357 10 Y – .04 = 2.44% OIL + .15 = 53.92 GOLD – 6.80 = 1151.90 It has been a good year for Wall Street. The Dow, S&P and Nasdaq partied like it was 1999 – the three markets all closed at historic highs for the first time in 17 years. The Dow Industrial Average gained 13.4% for the year, its best annual percentage gain since 2013.  The S&P advance is about 10%. The Nasdaq posted an annual gain of 8.5%.   Global markets have fared surprisingly well in a year marked by major political shocks. Britain’s blue-chip FTSE 100 index is up 23% from lows hit immediately after the June 23 Brexit vote to leave the European Union. MSCI’s world index, which tracks shares in 46 countries, has gained 13% since the end of June.   Oil prices posted their biggest yearly percentage gain since 2009, up 45%. The S&P energy sector was a market leader, up 23.7%   The U.S. dollar index remains near 14 year highs. The main trend for the greenback is higher and is likely to continue to be supported by a hawkish Federal Reserve. Of the major central banks, only the Fed is on track to increase ...
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Financial ReviewBy Sinclair Noe