Markets Surge Past Uncertainty November brought a new surge in COVID-19 caseloads and the possibility of further government shutdowns (at this writing, on December 3rd, a new stay-at-home order went into effect in California).1
The Multitude of Highs and Lows As of this writing, the election is on the verge of being called. However, despite the ongoing uncertainty, the markets have surged in recent days. Taking a step back, the S&P 500 fell for a second straight month in October, paring back more of the year’s gains. Major contributors […]
A Bump in Volatility and Questions Ahead Stocks moved lower in September as a five-month market winning streak came to an end. The downturn was led by a selloff in technology stocks, which have paced the S&P 500βs recent recovery from its March 2020 low.
The Rally Continues Through August The U.S. stock market finished higher for the fifth consecutive month in August as investor optimism persisted amid a tenuous economic recovery. The S&P 500 had it best August in 34 years, led by the technology sector.
Markets Climb Higher Amid Economic Dislocation Domestic stocks continued to charge higher in July, despite record low economic output and an uncertain outlook. The S&P 500 shrugged off regional surges in coronavirus cases to rise 5.5 percent for the month, its best July since 2010.[1]
Markets are Rising: What About the Economy? Markets had a surprisingly strong quarter; in fact, it was the best quarter in decades. The S&P 500 rose almost 20 percent, the strongest quarter since 1998. The Dow Jones Industrial Average had its best quarter since 1987, delivering growth of 17.8 percent.[1]
Turmoil on Main Street and Buoyancy on Wall Street A Note from Our Founder: We normally cover market and economic news in this monthly report, and youβll find our report for May below. But as of this writing, Los Angeles and cities around the world are engulfed in protests. Our hearts are heavy with grief […]
An April Uptick: But What Comes Next? Markets rose in April, delivering the best month for stocks in three decades. The S&P 500 posted a nearly 13 percent gain for the month, despite a drop on April 30. That drop was driven by a growing body of information detailing the extent of economic damage caused […]
Why Would Oil Go Below Zero? After seeing the price of oil fall below zero for the first time in history, people are understandably confused. How can this happen, and what does it mean?
What’s Next for the Economy? In the four weeks through April 16, 22 million Americans filed for unemployment benefits, just shy of the total number of jobs added in the decade following the financial crisis β and dwarfing job losses in that period, which topped out at 8.7 million. With many gig workers not included […]