Rather than reacting to short-term market swings, this week on Money Wise took a closer look at the technical patterns shaping recent market activity. For the week, the Dow Jones Industrial Average declined by roughly 206 points, or 0.4%, while the S&P 500 gained approximately 23 points, or 0.3%. The Nasdaq slipped about 39 points, or 0.2%. Despite modest weekly movement, year-to-date results remain positive, with the Dow up 1.7%, the S&P 500 up 1.4%, and the Nasdaq up 0.9%.
From a technical perspective, the conversation focuses on what long-time listeners recognize as a market “pause.” Since Thanksgiving, the S&P 500 has traded within a narrow range of roughly 300 points, about a 4.5% channel from high to low. The 50-day moving average continues to act as a support level, with the index briefly dipping below it intraday before closing back above. At the same time, resistance near the 7,000 level has capped upside progress, creating a consolidation phase that is common in extended market cycles.
Precious Metals in Focus
The Money Wise guys also address growing attention around precious metals, particularly gold. Since Thanksgiving, gold as measured by the GLD ETF has risen nearly 20%, a move that has generated increased advertising and speculation. The hosts caution investors against emotionally driven decisions fueled by extreme forecasts, noting that gold does not consistently protect against inflation and has historically lagged equities over long periods. The broader takeaway remained consistent with Money Wise’s long-standing message: understanding market structure, maintaining perspective, and avoiding reactionary decisions matters far more than chasing headlines or short-term performance narratives.
In the second hour, the Money Wise guys give listeners a peek into what Wall Street Won’t Tell You. You don’t want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.
