Growth or Value – Where is the leadership in 2021?
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 Market Gains on Vaccine News and a Positive Earnings Season
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.
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.