to your HTML Add class="sortable" to any table you'd like to make sortable Click on the headers to sort Thanks to many, many people for contributions and suggestions. Licenced as X11: http://www.kryogenix.org/code/browser/licence.html This basically means: do what you want with it. */ var stIsIE = /*@cc_on!@*/false; sorttable = { init: function() { // quit if this function has already been called if (arguments.callee.done) return; // flag this function so we don't do the same thing twice arguments.callee.done = true; // kill the timer if (_timer) clearInterval(_timer); if (!document.createElement || !document.getElementsByTagName) return; sorttable.DATE_RE = /^(\d\d?)[\/\.-](\d\d?)[\/\.-]((\d\d)?\d\d)$/; forEach(document.getElementsByTagName('table'), function(table) { if (table.className.search(/\bsortable\b/) != -1) { sorttable.makeSortable(table); } }); }, makeSortable: function(table) { if (table.getElementsByTagName('thead').length == 0) { // table doesn't have a tHead. Since it should have, create one and // put the first table row in it. the = document.createElement('thead'); the.appendChild(table.rows[0]); table.insertBefore(the,table.firstChild); } // Safari doesn't support table.tHead, sigh if (table.tHead == null) table.tHead = table.getElementsByTagName('thead')[0]; if (table.tHead.rows.length != 1) return; // can't cope with two header rows // Sorttable v1 put rows with a class of "sortbottom" at the bottom (as // "total" rows, for example). This is B&R, since what you're supposed // to do is put them in a tfoot. So, if there are sortbottom rows, // for backwards compatibility, move them to tfoot (creating it if needed). sortbottomrows = []; for (var i=0; i
The U.S. stock market passed a major milestone in Week 4 of January 2017, but one that's just not as big a deal as the market's next major milestone, which isn't far away.
We'll discuss that a little bit more after reviewing the rest of the week's news. For now, we find that the S&P 500 continued to behave as expected during the fourth week of January 2017.
Let's get to the more significant market-driving headlines for the week that was.
Elsewhere, Barry Ritholtz summarized the week's positives and negatives for the U.S. economy and markets.
Looking forward again, the next big psychological threshold for the market is more meaningful than Dow 20,000 - it's S&P 2300!
Today, the S&P 500 rules. And that’s why a record high close above 2300 (it briefly crossed that milestone intraday on Thursday before closing a little more than 5 points shy Friday) carries more weight than the headline-grabbing Dow 20,000.
“The S&P 500,” says Bill Hornbarger, chief investment strategist at Moneta Group, “has surpassed the Dow in terms of its importance. The simple reason is that it is broader and more representative of the domestic economy.”
The Dow, for example, only has six tech stocks, and mainly old-tech names like Microsoft, Intel and IBM, versus more than five dozen tech stocks in the S&P 500. The Dow doesn’t have online-advertising giant Alphabet (the parent of Google) or social media giant Facebook or online-retail powerhouse Amazon.com. Nor does the blue-chip Dow have any exposure to the utilities or real estate sectors, or regional banks like Cincinnati-based Fifth Third Bank or oil services-related firms like Schlumberger.
Money flows show the S&P 500's supremacy. Currently, $2.1 trillion is invested in “passively managed” index mutual funds and exchanged traded funds that mimic the S&P 500, vs. only $35.6 billion invested in these types of funds that track the Dow, according to S&P Dow Jones Indices.
Sure, we could spend time forecasting where the Dow will go next, but it just isn't as meaningful an exercise as it is for the S&P 500!
Welcome to the blogosphere's toolchest! Here, unlike other blogs dedicated to analyzing current events, we create easy-to-use, simple tools to do the math related to them so you can get in on the action too! If you would like to learn more about these tools, or if you would like to contribute ideas to develop for this blog, please e-mail us at:
ironman at politicalcalculations
Thanks in advance!
Closing values for previous trading day.
This site is primarily powered by:
The tools on this site are built using JavaScript. If you would like to learn more, one of the best free resources on the web is available at W3Schools.com.