
Inflation and Interest Rates Rule in September
The “I” words dominated the month of September - Inflation and Interest Rates.
The “I” words dominated the month of September - Inflation and Interest Rates.
The first half of 2021 has been a choppy, sideways market.
The month of May was a choppy one in the market as stocks consolidated the gains made in April.
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.
After a very rough start in the first quarter, if the momentum we have going now continues for the last few weeks of the year, 2020 should end on a positive note. It also bodes well for 2021.