Welcome to Industry Focus, the podcast that dives into a different sector of the stock market every day.

I'm your host, Christine Harjus, and it's January 25th.

Healthcare investor extraordinaire Todd Campbell is skipping into full headquarters.

Todd did you see the big Dow news this morning?

Unbelievable right I mean who would have thought 20 years ago we'd be where we are today at Dow 20,000?

20,000 as of this morning and you know I think if you've been watching it lately you

probably could have seen this coming the Dow has been rising since the election of Donald

Trump to the presidency of the United States. There's been lots of business people appointed

the cabinet, such as the CEO of ExxonMobil for example and even this morning the Dow opened

at 19,992 so we all know it's just a matter of time.

Right the concept of deregulation and potentially lower corporate tax rates providing some additional

tailwinds.

But again, like anything, right, Christine, it's the power of compounding, right? Over time, if the market grows at a 4 to 6% annual rate,

you're going to eclipse these milestones a decade after decade after decade.

So it's a great reminder to investors who look back on the Great Recession and we're extremely

nervous that the next time we go through one of those hiccups to just take a deep

breath and just keep focusing on that long-term plan.

Absolutely and in honor of the event I just wanted to share a little bit of

history about the Dow Jones Industrial Average.

So what it is is a price-weated average of 30 large American publicly traded companies and

it is the most well-known index of the United States stock market.

It actually dates all the way back to 19 or 1896 when a guy named Charles Dow was

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