“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.
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