The Market Is a ‘Tightly Coiled Spring’

The Nasdaq Composite closed at a record high on Wednesday for the third time this week, while the Dow Jones Industrial Average , S&P 500 and Russell 2000 rose as well, though not as impressively, all finishing in the green. Despite the health care bump evoked by President-elect Donald Trump during his midday press conference, one of the leaders during Wednesday’s session proved to be the transports.