Lars Larson

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Lars Larson

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During the last few days of 2016, the talk on Wall Street centered upon when the Dow Jones Industrial Average would top 20,000. A year on, the discussion has shifted to when the blue-chip index will hit 25,000, with only two more days in 2017 to claim the milestone. Dow futures are currently up 34 points in premarket trade, making the goal a real possibility. At that level, the DJIA's gain would total about 25% YTD. (SA)

Worldwide mergers and acquisitions activity has exceeded $3tn for the fourth consecutive year, extending a multi-year wave of deal-making that bankers say is set to accelerate in 2018.  The total volume of dealmaking hit $3.5tn this year, a 1 per cent drop from a year ago and the lowest figure since 2014, but it also marked the fourth straight year that deal levels surpassed $3tn, a record streak. (FT)

Copper prices continued their march higher this morning, rallying to their highest level in almost four years and putting the metal on track for its best year since 2010.  The red metal (aka Doctor Copper) is looked to as a powerful macroeconomic indicator, with price swings seen as leading indicators of economic shifts because of its widespread application in most sectors of the economy.  (FT)

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Josh Fenili.
 

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