The Dow Jones Smashes One Record After Another (with Josh and Michael)

The Compound and Friends

Josh Brown

Investing, Business News, News, Business

4.7 • 2.2K Ratings

🗓️ 16 January 2020

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Josh here - Michael Batnick and I discuss the recent milestones for the Dow Jones Industrial Average and the incredibly slow grind that's gotten us here. According to the Wall Street Journal "hasn’t moved 1% or more in either direction since mid-October, its sixth-longest streak since the end of 1969 and third-longest since the end of 1995." We ran the numbers and looked at the absolute change in daily stocks prices. It turns out that on a rolling 30-day basis, stocks have almost never been this calm. 1-click play or subscribe on your favorite podcast app Subscribe to the mini podcast on iTunes or Spotify Enable our Alexa skill here - "Alexa, play the Compound show!" Talk to us about your portfolio or financial plan here: http://ritholtzwealth.com/ Obviously nothing on this channel should be considered as personalized financial advice just for you or a solicitation to buy or sell any securities. Please see this 3,000 word terms & conditions disclaimer: https://thereformedbroker.com/terms-and-conditions/ Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey everyone I'm downtown Josh Brown. We are live from the compound. I'm here with
0:04.4	Michael Batnik as usual. We're going to talk about Dow Jones milestones and
0:09.3	the grinding higher that we're seeing in the S&P 500,
0:13.7	with very little volatility.
0:15.0	Stick around.
0:15.6	Let's see what's happening.
0:17.3	Okay, Mike, let me just start off.
0:19.2	This is from the Wall Street Journal.
0:21.7	The S&P 500 hasn't moved 1% or more in either direction up or down since October, which
0:28.8	is the sixth longest streak without a 1% or more day since the end of 1969 and the third longest.
0:37.0	Why 1969?
0:39.0	69?
0:40.0	Um, actually, today is the 69th day.
0:44.0	So we've already surpassed, or we're getting close?
0:47.0	No, I'm just saying you said 1969, it's the 69th day.
0:50.0	Look at that.
0:51.0	And the third longest streak since the end of 1995. So in English, we really
0:56.2	have very rarely been in periods like this where for four months stocks are trending higher and there are no plus or minus 1% days for
1:07.8	the S&P.
1:09.8	How is an investor to feel about this grind?
1:12.8	It's obviously working out in their favor.
1:15.5	But what's your take?
	...

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