Market Improved in October
After four failed rallies this year, the October rally is the fifth attempt to recover from this year’s bear market. We see some encouraging signs, but only time will tell if this October rally holds.
After four failed rallies this year, the October rally is the fifth attempt to recover from this year’s bear market. We see some encouraging signs, but only time will tell if this October rally holds.
The pressure from inflation and recession fears made June the worst month for the market this year.
The three major stock market indexes made nice gains in April. The S&P 500 and the Nasdaq each gained about 5% and the Dow gained 2.7%.
The big story in February was interest rates, not the short term rates that the Federal Reserve controls, but longer term rates set by the bond market.
The week of November 7th was the best week in the stock market since 2014. In the two weeks prior to November 7th the market declined for nine consecutive days.
Volatility continued in the market in July as headlines at home and around the world provided investors with plenty of uncertainty.