How the market has performed a year after the worst Christmas Eve plunge in history

For some investors on Wall Street at this time last year it was a Nightmare before Christmas, as an escalating U.S. - China trade war and Federal Reserve interest rate hikes cast a pall over the holiday.

“So, a year later, what was the bigger surprise? The 2018 fourth quarter massacre or the monstrous rally from those lows?” asked Frank Cappelleri, executive director at brokerage Instinet. Although at least one expert believes the market is currently in a “silly season”, others believe that equity indexes could continue to climb higher into next year, despite lackluster corporate earnings.

As when it comes to economic fundamentals, better clarity on U.S. international trade policy may help drive increased business spending and more productivity, which we think will lead to stronger earnings growth in 2020, argued John Lynch, Chief Investment Strategist for LPL Financial, in a note on Tuesday.

Only msm could try to make the economy look bad

Last year’s plunge looked more like it was purposely orchestrated to imply a less healthy economy. And, they failed.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

A lot's changed since the market panic last Christmas Eve with the S&P 500 up nearly 40% sinceSince the market panic last Christmas Eve, the S&P 500 is up 37% while the trade outlook and monetary policy are more friendly to stocks. Not really But but but TheDemocrats told us over and over a recession was coming Thank you realDonaldTrump
Source: CNBC - 🏆 12. / 72 Read more »