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Dec 30 2014

Oil falls to a multi-year low

Market Recap:

Stocks were flat on Monday as low volume and a lack of economic news gave traders and investors little impetus to act. Oil did fall to a multi-year low, trading near $52 per barrel as market participants speculated that the supply glut would remain in place for some time to come. On the equity side, Utilities rallied by more than 1% making the sector one of the strongest performers of the year. Technology and Telecom shares fell by about ½% while most other sectors were flat.

Looking Ahead:

There isn’t much in terms of economic data or other news that is likely to give investors cause to act in any direction on Tuesday or Wednesday ahead of the end of the year. Investors should be aware that the current political crisis in Greece could spook markets and cause some increased volatility, in particular given the light trading volume.

Make sure to tune into Fox Business on Tuesday evening at 6:00 PM when our President, Oliver Pursche, joins Charles Payne for the hour to discuss our year-end outlook and what we expect to see in 2015. And don’t miss 2015 first Money Matters with Gary Goldberg which will be hosted by Oliver and will feature a great interview with Investment Legend Doug Kass. Visit our website for details.