The Dow Rallies 20% off the Bottom
After a seven week run, the Dow attained its highest level in seven months. The index rallied 20% off the bottom that was set on October 13th and has recovered about 62% of its year-to-date losses.
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.
Higher Inflation leads to Recession Fears and a Market under Pressure in June
The pressure from inflation and recession fears made June the worst month for the market this year.
May Ends with Sharp Rally
In May we saw extremes in both directions of the market.
Interest Rates Rise as Buyers and Sellers Struggle for Control of the Market
The choppy back and forth action continues like a tug of war between buyers and sellers.
Market Closes March 10% Above its Lowest Price this Year set on February 24
The S& P 500 closes the month of March 10% higher than its lowest point this year set on February 24th.