Investing News And Commentary

Viewing posts from October, 2016

October 18, 2016

Dour Sentiment, Stable Economy

Markets Enjoyed The Summer

The third quarter, which ended September 30th, was remarkable for how uneventful it was.  Stocks broadly rose through the summer, with the S&P 500 Index posting a gain of 3.3%.  U.S. stocks hit all-time highs in August before backing off moderately through September.  Over the summer, U.S. equity markets went two full months without a daily move of 1% or more, a remarkable stretch of stability, especially considering that this period came right on the heels of the uncertainties that the June Brexit vote stoked in Europe.

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