Market Commentary January 19, 2021
Submitted by Lifetime Wealth Strategies on January 20th, 2021Weekly Market Commentary January 19, 2021
Investors were rocked by economic data showing the economy hit the brakes hard in December.
Investors were rocked by economic data showing the economy hit the brakes hard in December.
Last week was the cherry on top of a turbulent year for investors.
U.S. stock markets remained calm.
U.S. stock markets remained calm as a fresh chapter opened in the coronavirus stimulus saga last week.
Congress is at $900 billion, will they hear $1.4 trillion, $1.4 trillion, governments at $900 billion, who’ll go $1.4 trillion, $1.4 trillion…
When is bad news good news? Take a look at last week.
Major stock indices in the United States hit all-time highs on Friday, despite a lackluster employment report and a surge in COVID-19 cases, reported Lewis Krauskopf of Reuters. During the week, we saw:
Last week, vaccine optimism immunized investors against signs of economic weakness.
Last week, the Nasdaq Composite Index set another record.
So far, 2020 has been memorable for many reasons, not the least of which is the incredible speed at which some events have been occurring in financial markets. This year, we’ve experienced:
The stock markets in the United States retreated a bit last week.
U.S. stocks have been trending higher for months. Last week, they gave back some gains. The Nasdaq Composite dropped 3.3%, while the S&P 500 Index fell 2.3%, and the Dow lost 1.8%, reported Ben Levisohn of Barron’s.
The stock market rallies like it’s 1986
August has been a good month for stock investors. At the end of last week, the S&P 500 Index was up 6.8% for the month. The Index is poised to deliver its best returns for the month since 1986, when it gained 7.1%, reported Financial Times.
The shortest bear market in history?
The Nasdaq Composite and Standard & Poor’s 500 Indices finished at new highs last week. The stock market is considered to be a leading economic indicator, so strong stock market performance suggests economic improvement ahead.