STOCKS RALLY AGAIN: Here's What You Need To Know

RELATED QUOTES

SymbolPriceChange
DIA197.96+0.88
SPY226.74+0.83
QQQ123.25+0.27

Markets continued their epic bull run and closed at a new post-crisis high.

First the scoreboard:

Dow: 13,895, +70.6, +0.5 percent
S&P 500: 1,502, +8.1, +0.5 percent
NASDAQ: 3,149, +19.3, +0.6 percent

And now the top stories:

  • New home sales unexpectedly fell 7.3 percent to 369k in December.  Economists were looking for a reading of 385k.  However, it's worth noting that the November number was revised up to 398k.  So the report was somewhat mixed.
  • However, some economists are increasingly worried about a potential supply glut in the market for new homes. " The worry, though, is that with the pace of new residential building activity now approaching 1 million units, the impending surge in new homes supply could create a problem for this segment of the housing market, unless there is a commensurate increase in demand," wrote TD Securities' Millan Mulraine.
  • Business Insider's Henry Blodget recently spoke to economist Robert Shiller who was reluctant to confirm that housing would boom again.  "I think that we might have [hit bottom], but my biggest sense is that probably nothing dramatic happens either way," he said. "If the Pulsenomics survey is right, and it’s up between 1 and 2 percent real, that’s plausible to me. But also down 1 or 2 percent real, that’s plausible. I’m sorry I don’t have a more precise forecast."
  • Shiller also told Blodget that we can expect low returns in the stock market. "I think predicting something like 4 percent real for the stock market, as opposed to 7 or 8 percent historically," he said. "And that looks pretty good."
  • Don't Miss: WE COULD BE HERE: The '1994 Moment' That's Keeping More And More Bond Traders Awake At Night >

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  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.172-0.002-1.15%
    N21.SI
    0.109+0.003+2.83%
    AAJ.SI
    0.121+0.006+5.22%
    40F.SI
    3.81+0.03+0.79%
    Z74.SI
    0.855-0.005-0.58%
    Y92.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.45+0.12+36.36%
    MR8.SI
    0.44+0.09+25.71%
    AWC.SI
    0.46+0.08+21.05%
    AYB.SI
    0.52+0.07+16.85%
    E8Z.SI
    0.20+0.02+10.50%
    BDN.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.22-0.03-13.73%
    AWI.SI
    0.155-0.015-8.82%
    F86.SI
    0.113-0.010-8.13%
    D79.SI
    0.23-0.02-8.00%
    T18.SI
    0.139-0.011-7.33%
    5NF.SI

Market Data

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    Currencies
    NamePriceChange% Chg
    1.4246-0.0012-0.09%
    USDSGD=X
    1.5220+0.0019+0.12%
    EURSGD=X
    1.7591+0.0004+0.02%
    GBPSGD=X
    80.1670-0.478-0.59%
    SGDJPY=X
    5.4390+0.002+0.04%
    SGDHKD=X
    3.1179-0.0011-0.04%
    SGDMYR=X
    9,436.7451+30.9307+0.33%
    SGDIDR=X
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    SGDCNY=X
    1.0759-0.0017-0.16%
    AUDSGD=X
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    1,210.20+8.70+0.72%
    GCG17.CMX
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    SIH17.CMX
    88.68+1.12+1.28%
    ^XAU
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    HGH17.CMX
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    CLG17.NYM
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    ^FVX
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