Weekly Market Notes – January 27, 2020

The January rally took a step back last week. The pullback was likely triggered by fears surrounding the coronavirus outbreak in China and its potential impact on the world economy.

The market is overall up 2.18% this year amid impeachment proceedings, Australian forest fires, a virus pandemic in China and tensions in the Middle East – all in January!

Since the impeachment in the House of Representatives began on 12/18/19, the Dow Jones Industrial Average is up 3.20%; the S&P 500 is up 4.20% and the NASDAQ is up.

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