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 […]
August 10, 2020The MarketsThere was good news and bad news in last week’s employment report.The good news was the U.S. Bureau of Labor Statistics delivered better-than-expected data about employment. In July, the U.S. economy added about 1.8 million new jobs.That’s about 300,000 more than the Wall Street consensus forecast, according to Jeff Cox of CNBC, […]
July 27, 2020The MarketsWhere are we on vaccines and treatments?During 2020, the United States government has spent more than $13 billion on Operation Warp Speed (OWS), which is focused on accelerating the development of vaccines and treatments for COVID-19, according to The Economist. The United States is not alone. Governments around the world are funding […]
THE CORONAVIRUS EFFECT. COVID-19 has been reshaping Americans’ financial habits. During the second quarter, credit card debt and personal savings data showed, overall, we were spending less and saving more than ever before.
What a quarter!Who could have guessed a global pandemic would produce outsized stock market returns? Near the end of last quarter (March 23), the Standard & Poor’s 500 Index was down 30.75 percent for the year, and it looked like 2020 was going to be a disappointing year for many investors.Since then, the S&P 500 […]
June 29, 2020 The Markets Blame it on the coronavirus. Stock markets in the United States and Europe retreated last week as the number of new COVID-19 cases increased steadily in America. On Thursday, there were more than 44,000 new cases, the highest daily total to date, according to data from the Centers for Disease […]
June 24, 5:00 PM Eastern Time (the US and Canada)Zoom meeting ID: 860-973-3214 Meeting Password: N/A Or Click Here As we slowly start to open up as a country many of us have questions about what the new normal in the economy will look like. Because of those questions, we have arranged to […]
