A sharp acceleration in economic growth, increasing worries about inflation, a reluctant-to-act-against-inflation Fed, and a strong stock market were quickly displaced by news of a new Covid variant on Black Friday. Table 2: Key Index Returns MTD % YTD % Dow Jones Industrial Average -3.7 12.7 NASDAQ Composite 0.3 20.6 S&P 500 Index -0.8Continue reading “November Market Recap and COVID Alphabet Soup”
Category Archives: Market Recap
Oct Market Recap: New high is October—what drives the overall market?
Following a modest sell-off in September, stocks racked up a big gain in October, with the Dow Jones Industrial Average and the S&P 500 Index setting new highs late in the month, according to market data provided by the St. Louis Federal Reserve. The S&P 500 turned in its best monthly performance of the year,Continue reading “Oct Market Recap: New high is October—what drives the overall market?”
Market Recap: What is it about September?
September has historically been the worst month for stocks, according to St. Louis Federal Reserve data measuring monthly S&P 500 performance over the last 50 years. If you are wondering whether the trend has abated in recent years, the answer is no, it hasn’t. Over the last 10 years, September performance has been substandard. WhileContinue reading “Market Recap: What is it about September?”
Market Update:A Covid Recession and Recovery
The economy hit a peak in February 2020 and bottomed out in April of the same year, according to the National Bureau of Economic Research (NBER), which is viewed as the arbiter of recessions and economic recoveries. In determining the peak and trough of the economy, the NBER considers several indicators of employment and production.Continue reading “Market Update:A Covid Recession and Recovery”
The COVID Economy, a Year Later
This time last year, the World Health Organization recently had declared that the spread of Covid-19 constituted a worldwide pandemic. Stringent measures in the U.S. were being taken to slow the spread of Covid and “flatten the curve.” The lockdowns and shelter-in-place orders dealt a body blow to U.S. economic activity. Investors, who attempt toContinue reading “The COVID Economy, a Year Later”
February Market Recap
Internet forums vs. the professionals, or revenge of the nerds Why have stocks been on such a powerful run, overcoming a dangerous pandemic that has rocked our economy? The tailwinds that have fueled the advance include low interest rates, liquidity from monthly Federal Reserve bond buys, the Fed’s owns forecast that rates will remain lowContinue reading “February Market Recap”
Spartan Wealth Solutions LLC 