The month of September is often a challenging one for the stock market but this year the market sailed through the month unscathed. That was in spite of the many events taking place which in the past would have rattled the market.
The S&P 500 Index of the 500 largest US stocks ended the month of June up slightly at a gain of nearly ½ of one percent.
The stock market picked up steam in February and surged upward much as it did in November following the election.
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.
Voters in the UK surprised the world on June 23rd and voted to exit the European Union.
The question on everyone’s tongue is could this downturn be as significant as 2008? Only time will tell.