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”
Tag Archives: COVID-19
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”
Watch-out for Stimulus Payment Scams
Since the passing of the CARES Act which included provisions for a $1200 per person stimulus payments scams have emerged to try and cheat or defraud taxpayers of their stimulus payment. The IRS has provided some details on common tactics that are being used by scammers. What is the ‘Corona virus stimulus scam?’ Scammers areContinue reading “Watch-out for Stimulus Payment Scams”
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