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Last week, iConnections hosted an event in Miami called Global Alts, a gathering of alternative investment managers and allocators. You might be thinking, given my Michigan roots, enduring Miami in January was quite the cross to bear—but someone had to do it.
The major U.S. stock market indexes were mostly up last week. The S&P 500 increased by 1.38%, the NASDAQ Composite was up 1.12%, the Dow Jones Industrial Average gained 1.43%, and the Russell 2000 small-capitalization index fell 0.79%.
Last week, the gold spot price rose 1.05% and the U.S. Dollar Index gained 0.47%. The Gold Bullion Strategy Fund (QGLDX) increased by 0.87% for the week.
U.S. equity markets posted gains in all three indexes last week. The S&P 500 went up 1.41%, the NASDAQ Composite gained 1.13%, and the Dow Jones Industrial Average increased by 1.43%.