The Economy Sends Mixed Messages to the Market
Looking at the period from the first of June through this writing on July 9th, it is easy to see that the economy is sending mixed messages.
Market Rallies Ignoring Bad News
In the last days of May, there appeared to be a disconnect between economic reality and the stock market. The market moved higher amid alarming economic numbers.
March saw it all, the Good and the Bad!
From the all-time high in the stock market on February 19th to the low for 2020 on March 23rd, the market lost 33.9% of its value. Never has the market declined that much in such a short time.
The Market and the Coronavirus
When the news of the coronavirus broke in late January that was a catalyst for a decline and the market lost all the January gains and ended the month flat.
Market Rebounds from January Sell-Off
The market began on a high note on the first trading day of the year with the Dow closing at an all-time high of 28,868 on January 2nd.
Coronavirus Puts Markets on Edge
The recent outbreak of the coronavirus in China has put global markets on edge. On Monday, January 27th the Dow dropped over 450 points due to concerns about the spread of the virus after media reporting all weekend.