Weekly Economic Update 1-22-19

Rhetoric that trade tensions between the United States and China may be easing helped quell investors’ concerns, prompting a stock market rally last week. The large caps of the S&P 500 and the Dow led the way, followed by the Nasdaq, the Russell 2000, and the Global Dow. This marks the fourth consecutive week of positive returns, the longest such streak since last August. For the month (and year), each of the benchmark indexes listed here are well ahead of their 2018 closing values. The small-cap Russell 2000 is nearly 10.0% above its 2018 closing value, while the Nasdaq is ahead by almost 8.0% since the end of December.