I read an interesting statistic this morning. Goldman Sachs receives roughly an 8% weighting in the Dow Jones Industrial Average, which is made up of only 30 stocks. Over the last month (since the election) Goldman Sachs alone is up roughly 27%, while a handful of Dow stocks are underperforming the index or even negative since the election. Just keep that in mind when people continue to make the claim of the “market is continually hitting new highs since the election”. While that may be true for the Dow Jones (30 stocks), if you don’t own the index, those 30 stocks, that is NOT your reality. Stay plugged in as to where your money is, and what indexes would be better benchmarks.
Here’s what I’ve been reading this morning: