“Up, Up, and Away?” – Vista Partners Daily Market Recap 1/7/2019
Stocks were up again on Monday with all three of the major indices ending the day with gains. The Nasdaq rose 1.26% (84.61 points) while the S&P 500 was up 0.70% (17.75 points). After a brief dip early in the session, the Dow jumped up 0.42% (98.19 points). Individual components of the Dow saw mixed results today, but there were several more companies with gains than losses. Home Depot (HD) was the biggest winner today, up 1.97%. Visa (V) also saw gains with a rise of 1.80%, and NIKE (NKE) came in third with gains of 1.43%. Atossa Genetics (ATOS) also had a good day today as it saw shares rise 2.56%. Although the market has been doing notably better since the now infamous “Christmas Eve Massacre,” it doesn’t mean that it will be smooth sailing from here. While the S&P 500 has risen 8.5% since December 24th, fear of a coming recession remains. Michael Wilson, a strategist with Morgan Stanley, noted, “We are definitely more constructive than we have been in over a year based on valuation, sentiment, and positioning, but we don’t think it is time to blow the all clear signal yet.” Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. Stay Informed! Stay Competitive! Sign Up to receive FREE email updates here!