, reminding the nation of the severity of the economic consequences that occurred during last spring's pandemic surge.
Year-to-date through the end of November, the S&P 500 gained 12.1% in price, despite a 34% bear-market setback earlier in the year, according to CFRA data. There have been 36 years in which the S&P 500 recorded an 11-month rise of 10% or more since WWII. In the December of these years, the S&P 500 climbed in price 75% of the time, recording an average advance of 1.8%. That gain exceeded the average for all Decembers since 1945.
"It indicates chances are pretty high we will continue to see positive returns in December," Stovall said. "Bipartisan stimulus is the injection the economy needs and bipastrain effort suggests more could be forthcoming," he said. He added that as Covid numbers spike it will also increase the likelihood the market will be confident that the Federal Reserve will not raises interest rates any time soon, and becomes more accommodative in other ways, such as through repurchase agreements.
is on a mission to help FED to redistribute wealth from clueless hard working people to 10% wealthy people. Shame on ...
to 'investors' - 'BUY! BUY! BUY! We need more bagholders! Economy is in a best place ever - on the middle of pandemic and Recession/Depression'
Yes! Pump it up! Debt doesn't matter! Negative GDP doesn't matter! 20 MILLIONS unemployed doesn't matter! Economy is in a best place ever - on the middle of pandemic and Recession/Depression.
thanks for this news
I SAID SHOULD!!! This way he is covered when ms market takes a dump in January. These markets still have a lot of risk BUT are higher than before this mess started in March, Makes no sense.