Dow Trades 20,000+, Money Could Spill Into Commodities

January 26, 2017 10:00 AM
 
 

For the first time in its nearly 132-year history, the Dow Jones Industrial Average traded more than 20,000 points.

The major milestone was made Wednesday after the market has steadily marched higher since bottoming out in March 2009 in the aftermath of the Great Recession.

The rally has been especially strong since the election of Donald Trump in November.

This momentum isn’t seen in only the Dow. On Tuesday, the NASDAQ and S&P 500 hit new highs.

This Wall Street action caught the attention of attendees at the Top Producer Seminar in Chicago. Matt Bennett of Bennett Consulting thinks the momentum from the Dow could spill into commodity markets.

“Initially, a lot of people were wondering if maybe some of the money was pulled back from ag due to money flowing into the Dow, but I think there’s still a lot of money looking for a home,” said Bennett. “When you see one market rise, a lot of markets will go along with it.

Bennett believes there’s money available to support the ag markets. 

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Comments

 
Spell Check

Tim Thumb
DesMoines, IA
1/27/2017 01:38 PM
 

  Yep tell us what we what to hear. Not holding my breath. Someone needs to do their homework. Funds are trend followers. In case you haven't notice Mr. Bennett the trend in equities are up and commodities are sideways. Some day /month/year that will change...but not today.

 
 

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