The worst quarter since the Global Financial Crisis came to an end last week with the S&P 500 Index falling 20% in the three months ending March 31. The first few days of the second quarter were a continuation of the first, with volatility being the keyword. With the lag of economic data, it will […]
Extreme volatility continued last week with the S&P 500 Index finishing the week up 10%, following a 15% loss in the prior week. Unfortunately, this felt more like a bear market rally than an all-clear from further uncertainty. One reason for this is we set records not seen in over eight decades; this does not […]
As coronavirus fears continued to rise around the globe, the stock market continued to decline. Last week’s 15% decline in the S&P 500 Index marked the worst week since the Financial Crisis in 2008. At this point, two measures are being followed closely as to when we might hit bottom. The first measure would be […]
The collapse in oil prices sent the market on a wild ride last week and brought the record-setting 11-year bull market to an end. In one week (actually two days), we saw the most significant percentage decline since 1987, followed by the largest gain since 2008 in the stock market. The 10-year U.S. Treasury Bond […]
The current bull market turns 11 today, March 9, and it is celebrating by taking a trip to the amusement park to ride the roller coaster. And after this weekend, it doesn’t seem like we’ll be getting off anytime soon. Last week continued to be dominated by the coronavirus, and as confirmed cases or general […]
After weeks of the stock market ignoring the coronavirus outbreak, it finally capitulated, resulting in the worst week since the Global Financial Crisis. The panic selling set a few records across the stock and bond markets. The S&P 500 Index is now in correction territory, defined by a fall of 10%; this is the quickest […]
Recently, Fidelity released results from its annual Millionaire Outlook Study. The 2019 Fidelity Millionaire Outlook Study surveyed over 2,000 investors, including 1,102 millionaires.1 Respondents were screened for a minimum level of investable assets, age, and income levels. Studies like this can provide us with a good idea of the actions, habits, and approach of those […]
It was an odd week watching how different areas of the market reacted as various coronavirus news stories emerged throughout the week. At the beginning of the week, the stock market seemed to not have any concerns, and the S&P 500 Index ended Wednesday at another all-time high. However, negative headlines began Thursday, sending the […]