US markets closed higher; S&P, Nasdaq at new record high

25 Jan 2017 Evaluate

The US markets closed higher on Tuesday, with the S&P 500 and the Nasdaq Composite at new records, while the Dow Jones Industrial Average resumed its march toward the psychologically-important 20,000, finishing less than 90 points away from the elusive milestone. Investors have been watching to see what Trump can accomplish in his first 100 days in office. The Congressional Budget Office estimated that the federal government would run a budget deficit of $559 billion in fiscal 2017, slightly smaller than an earlier projection. In its latest budget and economic outlook, the CBO said the new estimate was due to its expectation that mandatory spending would be lower than earlier anticipated. In August, the nonpartisan CBO estimated the deficit for fiscal 2017 would be $594 billion. Over the long term, meanwhile, the agency continues to see a return of trillion dollar-plus shortfalls, beginning in 2023. The agency’s latest projection assumes that current laws generally remain in place. That means that policies yet to be enacted under President Donald Trump and the Republican-controlled Congress could drastically change the fiscal outlook.

On the economy front, sales of previously-owned homes dipped in December, as increasingly tight inventory and higher prices began to stifle the housing market. Existing-home sales ran at a seasonally-adjusted annual pace of 5.49 million, the National Association of Realtors said. That was down 2.8% from an upwardly-revised November, which marked a nine-year high, but only 0.7% higher than a year ago. Supply tightened even further in December. There were 1.65 million homes available at the end of the month, the lowest level of inventory since 1999 even as the US population has grown by about 40 million. At the current sales pace, there were 3.6 months’ worth of available homes in December.

The Dow Jones Industrial Average added 112.86 points or 0.57 percent to 19,912.71, the Nasdaq gained 48.02 points or 0.86 percent to 5,600.96, while S&P 500 was up by 14.87 points or 0.66 percent to 2,280.07.

The Indian ADRs closed in green; HDFC Bank was up 2.30%, Tata Motors was up 0.96%, Dr. Reddy’s Lab was up 0.54%, Wipro was up 0.09% and ICICI Bank was up 0.04%.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

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Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
Process—not predictions.
We don’t rely on guesswork or market timing. Instead, we focus on asset allocation, risk management, and long-term compounding.
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We believe a combination of both is essential for investing success. We constantly innovate and upgrade in-house tools, financial X-rays, and portfolio analytics so that our team of analysts and advisors are equipped with the best.
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We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

Our Approach: Ensuring compounding work its magic on client portfolio.

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Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

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