STOCK MARKET WATCH -- Tuesday, 3 January 2023

[Tansy_Gold]

STOCK MARKET WATCH, Tuesday, 3 January 2023

Previous SMW:
SMW for 30 December 2022




AT THE CLOSING BELL ON 30 December 2022


Dow Jones 33,147.25 -73.55 (0.22%)
S&P 500 3,839.50 -9.78 (0.25%)
Nasdaq 10,466.48 -11.61 (0.11%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

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Currencies:













Gold & Silver:






Petroleum:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

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Quote for the Day:

In any case, to ultra-conservatives, for whom the old pieties are binding moral principles, the Eisenhower administration was worse than a disappointment, it was a betrayal. It did not repeal the New Deal reforms, do away with high taxes, kill foreign aid, or balance the budget. In fact, its primary historical function seemed to be to legitimate what had been done under Roosevelt and Truman: when it left certain domestic and foreign policies intact, it made them more generally acceptable by passing them, so to speak, through the purifying fire of eight years of Republicanism and thus confirming that they represented, after all, a bipartisan consensus. The right-wing minority saw all this not as a clue to the nature of our national problems but as further evidence that the conspiracy originally set in motion by the Democrats was being carried on by the Eastern Republicans behind Eisenhower.

Richard Hofstadter. "Goldwater and Pseudo-Conservative Politics" in The Paranoid Style in American Politics and Other Essays. Vintage Books. (c) 1952/1965/2008/

This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

[bucolic_frolic]

1. Beware New Year market mood

January can have ups and downs, beginnings and reversals. First day, often, nothing much happens. Then we have a trend day. That could carry til the 10th or reverse the following day. MLK Day often marks an imminent reversal of the trend. I'm keeping any plays short-term.