This week has been truly remarkable for how boring it’s been. By The Wall Street Journal‘s reckoning, I haven’t had a week this boring since 2006. Today’s climb of 40 points caps off five days of tiny fluctuations in either direction. I just felt flat; there wasn’t much crucial news to precipitate any major emotional highs or lows. Which is fine; it can be exhausting to have a triple-digit gain or loss in one day.
One thing that gives me some hope is that the economic data is mainly brightening up. Here’s hoping that the trend continues and we get some upward momentum going.
For some reason, my most diversified companies did the best today. Industrial titan GE rose 3.4 percent — a huge one-day gain for such a well-established company — because of a dividend increase. Procter & Gamble, which makes all sorts of stuff people use every day, also rose.
All in all, a solid but calm week. I’m up 2.9 percent over the past five days. As long as I’m making progress, I’m happy — even if these quiet days do get a little dull.
See you Monday,
The Dow Jones Industrial Average