As perverse as it may seem, markets can indeed rise amid a sobering week for the nation.
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“How can the stock market go up, while the economy is still struggling to recover amid the pandemic?” The answer is that the stock market is not the economy and vice versa.
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It’s official: the coronavirus health pandemic has become a financial pandemic. Already, tens of thousands of workers are being laid off, especially in the airline, hotel and hospitality sectors.
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The Federal Reserve announced emergency actions to guard against the coming economic impact of Coronavirus.
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Two back-to-back, brutal days of stock selling, which wiped out more than $1.7 trillion in value from the S&P 500, has prompted me to dust off a post that I always have handy: an investor protection plan.
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In a week, the U.S. economy will celebrate its longest expansion on record (or at least since records were first kept in the 1850's). As of July, there will have been 121 consecutive months of growth, surpassing the 120 months of the technology boom of the nineties. (As a frame of reference, the average expansion lasts 58 months)
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Was the fourth quarter of 2018 just a bad dream for investors? It sure looks like it now. With just two trading sessions left in the month, the S&P 500 is on track to close out the first four months of the year with its best results in 32 years (1987), has rallied more than 20 percent from the December lows, and has also bested its previous all-time high!
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