In a nutshell
- Best year for U.S. stocks since 2013
- Best year for U.S. bonds since 2002
- First decade in history without a recession
2019 Q4 and Annual Review
Markets
How Common are Large One Day Market Moves?
I can see the lead on CNBC tomorrow morning already
Market Plummets 3%; Worst daily move since…(Cues dramatic music)
a week ago Monday. (Yanks needle off record)
What?!
Yes, for all the breathless talk on CNBC and Fox Business today, the last time we saw the market drop this much in one day was August 5th. Less than 2 weeks ago. You remember don’t you? Yeah, neither do I.
I was prepared to spend some time this afternoon going back through the year to find the last 3% drop in the market. 29 seconds later, voila.
In fact, August 5th was basically a twin of today. The market (S&P 500) fell practically the same amount and finished at essentially the same level, 2,844 v. 2,840, where it stands today
[Read more…] about How Common are Large One Day Market Moves?2018 Q4 and Year in Review
In a Nutshell
- Recession fears prompted the worst quarterly and annual performance for stocks since 2011
- Gold and bonds offered less than their usual support
- 2018 will be remembered as a year of poor performance across all major asset classes
Latest Market Drop – Time for Concern?
Whenever we get into a market correction that includes a couple days of significant market declines like last Wednesday and Thursday (Oct. 10 & 11, 2018), it can be worrying. This is especially true when recent stock darlings like Apple, Amazon and Netflix lead the way down and even “safe” assets like U.S. Treasuries lose value as well. Human nature dictates that we need to know why something is happening so we flip over to Fox Business and CNBC. As usual, they are never at a loss to give us a number of reasons to be worried. This time the theories include potentially rising inflation, the Fed raising rates too fast and so choking off growth, trade disputes with China getting worse, and markets overvalued.
Regardless of the reasons, does the recent turbulence mean the bull market is coming to an end? [Read more…] about Latest Market Drop – Time for Concern?