market wrap 01.17.20

The Dow closed at 29,348.10 – up 50.46

The Nasdaq closed at 9,388.94 – up 31.81

The S & P 500 closed at 3,329.62 – up 12.81

The Russell 2000 closed at 1,699.64 – down 5.58

Utilities and Communication Services led the day.

Jim O’Sullivan edged out Ryan Sweet of Moody’s Analytics and Christophe Barraud of Market Securities by the slim margin in the contest that pitted 45 forecasting teams against each other.

The Fed is in QE hell.