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27-Oct (USAToday) — The Dow has taken investors on a wild ride to nowhere in the past two years.
On Wednesday, the Dow Jones industrial average, the iconic U.S. stock index represented by 30 of the USA’s best-known companies, closed up 30 points at 18,199.13.
And while that gain pushed the Dow’s gain for the year up to 4.4%, it is a stark reminder that the stock market has barely budged in almost two years.
The last time the Dow passed a milestone, it was Dow 18,000. And that happened way back on Dec. 23, 2014 — nearly two years ago.
PG View: Without Fed accommodations and now the looming threat of another rate hike, the stock market has lost its buoyancy and is in fact looking increasingly vulnerable. If you’re looking to rebalance your portfolio, you should consider an allocation to gold.
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