Weekly Roundup - January 23, 2016
Money and Finance

Weekly Roundup - January 23, 2016



This past week was definitely not a quiet one for the markets.  Through the close on Wednesday the S&P 500 had declined another 1.1% bringing the YTD decline to 9.0%.  Oil dipped down below $26 during the week as well.  However, things turned on Thursday and Friday with the S&P 500 posting the first back to back gains of the year adding 2.6%.  Oil staged an even more remarkable comeback climbing over 9.2% on Friday alone to get back over $32 per barrel.  We're definitely in an unstable period for the markets but all I know is that the dividends just keep rolling in providing a bit of calm in the storm.  I haven't been able to take advantage of the turmoil so far this year but hope to get in on the action soon.

I had finished up a job last Saturday and was luckily able to stay home until this past Thursday when it was time to head back to work.  Since I work in the oil field there's no declining work right now because who knows when more will come along.  So I'm back to work near my alma mater and even better is it's just a couple hours from home.
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