Ironwood Recap – Week of January 20th, 2020

Ironwood Market Recap

The short trading week was a bit of a down week for the markets, with both major indexes losing just over 1%. The 10 year Treasury bond gained value and the yield dropped to 1.68%, a change of about 0.15% for the week.

Economically, there weren’t a ton of surprises, and the market seemed a bit spooked by the Chinese coronavirus coming to the US. Earnings were generally positive with a few negatives thrown in here and there. The impeachment trial appears to be not affecting markets at all.

Next week we get quite a few more earnings coming in, as well as quite a few December economic indicators.

~ Alex Parrs

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