U.S. stocks surged during the summer months. The stock market’s strength stood in contrast to the U.S. economy, which saw a drop in growth and slowing employment gains as COVID-19 continued. September brought headwinds and broad declines for nearly all market indexes and sectors. Overall, stocks ended Q3 on the…
U.S. stocks rebounded from the swift market downturn in the early days of the COVID-19 pandemic. The bounce from the market bottom happened almost as fast as the drop in March, and renewed investors’ confidence about the resiliency of the U.S. economy. Employment and GDP reports early in the quarter…
U.S. stock markets meandered through the summer months, with the S&P 500 Index managing a small gain of 1.7% for the 3rd Quarter. In July though, stocks rose on expectations of a Federal Reserve rate cut, which was delivered on July 31. Volatility returned to the market in August as…
The S&P 500 index recovered from a sluggish start to the year to post a gain of 3.4% for the 2nd Quarter. Concerns over U.S. tariffs and escalating trade wars slowed the equity market rally but have not derailed it. Technology and consumer discretionary stocks were the strongest performers for…
A major rewrite of the U.S. tax code passed in Q4, bringing big changes for individual and business taxpayers. The fiscal stimulus from tax reform should provide a near-term boost to the U.S. economy, which is already humming along at a strengthening clip. U.S. stocks finished 2017 on a strong…