Monthly Market Updates

Posted June 30, 2020

Economic Recovery in Progress

 Coming off back to back gains in April and May that took the S&P 500 nearly 40% off the March 23rd low, the new month began with the widely followed index gaining another 6% before rising COVID cases put a weight on the rally.  Most of the month was like watching a heavy weight fight between Ali and Frazier.  In one corner was the Federal Reserve and their massive fire power and… Read More ›

Posted May 29, 2020

Rebound Continues

The old Wall Street adage “sell in May and go away” would not have been a good plan this year. The adage harkens back to a time when investors would leave for summer vacation and literally have no connectivity. Those time are gone. Most investors have not been through a pandemic in their lifetime, so we are taking this day to day. We were pleased to see the 12.7% rebound in April… Read More ›

Posted April 30, 2020

Closed for Business

Last month we said the best word to describe March was historic and for April the word may be amazing. The S&P 500 dropped 35% when the corona virus shut down the world’s largest economy and, although the economy remained closed for the entire month of April, the market rallied to its best monthly performance in over 30 years. We came into the corona panic with a strong economy and investors are… Read More ›

Posted March 31, 2020

Corona Closure

Historic may be the single best word to describe what we experienced in March. We saw the 4 biggest one day point declines in history for the Dow, we saw the 2 biggest one day rallies in history for the Dow, we saw the worst week for stocks in 33 years, the biggest 3 day rally in 90 years and the best week since 1938. We said in last month’s update that… Read More ›

Posted March 2, 2020

Coronavirus Contagion

A month we will not soon forget began with the S&P 500 hitting several new all-time highs as economic numbers improved and China seemed to be succeeding at containing the Coronavirus. We even had a report the Chinese had come up with a vaccine. Halfway through the month the S&P 500 was sitting at a new all-time high as we took a break for President’s Day weekend. After the long weekend Apple… Read More ›