Q1’s Wet Firecrackers: Dow, Precious Metals, Oil and Gas, Transports
Tim Knight | Apr 01, 2015 01:28AM ET
Well, the first quarter of 2015 is now history, and it wasn’t exactly a barn-burner. With all the central bank intervention, wild ride in oil prices, insanity in the Middle East, and whatever other lunacy was pressed into the last three months, it resulted in a Dow Jones Average that was……massively unchanged. It. Went. Nowhere.
Precious metals sucked out loud, with gold down about 7%.
Personally, I’ve been far more interested in shorting energy-related stocks. although, unfortunately for me, they only inched down about 1% for the quarter (based on the oil and gas index).
Even with the price of crude oil plunging, the Dow Transports ended in the red, falling about 4%. The most important point I can make about the market, though, is expressed in the graph below – – it resembles the silly kind of up-and-down chart a small child might make on construction paper. Just no clear direction at all.
And finally, I will give April a warm welcome with one of my favorite songs sung by the perpetually sweet Art Garfunkel:
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.