In this Q3 recap:stocks post further 2020 gains as the economy bounces back and the Federal Reserve announces a shift in its approach to inflation. Quarterly Economic Update A review of Q3 2020, Presented by William Joseph Capital Management, LLC THE QUARTER IN BRIEFThe summer brought an economic rebound and a continuation of the stock market rally that […]
The Markets
Last week, the third quarter of 2020 came to an end – and the fourth quarter delivered a doozy of an October surprise
Investors weren’t happy with central banks last week.
After the Federal Open Market Committee (FOMC) meeting, Federal Reserve Chair Jerome Powell confirmed the economy is recovering more quickly than anticipated:
Last week, the Nasdaq Composite Index set another record.
So far, 2020 has been memorable for many reasons, not the least of which is the incredible speed at which some events have been occurring in financial markets.
Full Article Provided By City National RochdaleKey PointsDemocratic presidential nominee Biden has taken the position that major provisions of the TCJA favor more affluent taxpayers and has offered a tax plan to address that perceived imbalance.President Trump believes that the TCJA temporary tax cuts were necessary to fuel economic growth and should be made permanent.Please […]
It was difficult to pinpoint a specific reason for the market’s retreat. Experts offered a litany of possibilities that included…
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The shortest bear market in history is over.
The Nasdaq Composite and Standard & Poor’s 500 Indices finished at new highs last week. The stock market is considered to be a leading economic indicator, so strong stock market performance suggests economic improvement ahead.
There was a caveat to last week’s gains, though.
The Standard & Poor’s (S&P) 500 Index finished the week within a whisker of its February high, reported Randall Forsyth of Barron’s.It’s a remarkable feat. The stock market has recovered in just 175 days. Historically, comparable recoveries (those following market drops of 20 percent or more) have taken about four years, reported Vildana Hajric, Lu […]
