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Chart of the Day
Today, the Dow Jones Industrial Average sold off as investors adjusted expectations in light of a slowed legislative process along with some increased concerns over the revelation of an investigation of a sitting US President. For some perspective, today's chart illustrates the overall trend of the Dow since 2003. As today's chart illustrates, the Dow has rallied sharply since early 2009. Over the past seven years, the Dow has maintained a trend that remained well within the confines of an upward sloping trend channel (see green and red trendlines). Following the presidential election, stocks rallied once again as investors anticipated legislation favorable to US corporations. Even with Tuesday's selloff, the Dow remains well within the confines of its seven-year trend channel.

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Quote of the Day
"Businesses planned for service are apt to succeed; businesses plan for profit are apt to fail." - Nicholas M. Butler

Events of the Day
April 01, 2017 - April Fool's Day
April 02, 2017 - NCAA women's basketball championship
April 03, 2017 - NCAA men's basketball championship


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