Today was a mixed day, not a lot decided by the end of the day. Among groups I watch closely, banks & REITs pulled back while the MLP index rose. The latter may be helped by the cold temps giving them more business moving oil & gas thru their pipelines. Walgreens, a long time favorite of mine & a member of the S&P Dividend Aristocrats, fell over 2 as Dec sales were under analyst's forecasts. I think they are a great company, made one purchase at a local store recently, only wish they had a higher yield (market's helping on that score).
There is a lot of data on whether a down first day (or 2 days) of the year is an indicator for the year. As expected, it's easy to come up with results to support any theory. I'm still looking for a bumpy first month, probably longer, while Dow remains near 13K.
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