Small changes characterize recent sessions – that is, with the exception of the Ukrainian situation drop on Monday and the sharp recovery on the following day. Today’s diagram reveals that the pace of change has slowed down since the beginning of February.
Yes, the market did finally continue higher and surpass its previous high of January 15. Yet at 1878.04, today’s close of the S&P stands less than two percent above that January high. Note also that prices remained below the January benchmark until February 25.
However, with the ongoing political turmoil and the threats of bilateral trade sanctions and boycotts, it is far from surprising that prices maintain their earlier levels.
DJIA .19 percent
NASDAQ -.37 percent
S&P500 .05 percent
