by Chris Mistal | Aug 4, 2020 | Market At A Glance
Seasonal: Neutral. August has been the worst DJIA, S&P 500 and NASDAQ month of the year since 1988. However, August’s track record in election years since 1950 (DJIA & S&P 500) or 1971 (NASDAQ) is much better. Average election year August performance...
by Chris Mistal | Aug 4, 2020 | Monthly Outlook
In mid-July the market was shrugging off pandemic setbacks, bleak economic and corporate outlooks, geopolitical tensions, civic unrest and a contentious U.S. presidential election battle with NASDAQ hitting a new all-time high and S&P 500 at a new recovery high....
by Chris Mistal | Aug 4, 2020 | Almanac Update
Money flows from harvesting made August a great stock market month in the first half of the Twentieth Century. It was the best month from 1901 to 1951. In 1900, 37.5% of the population was farming. Now that less than 2% farm, August is amongst the worst months of the...
by Chris Mistal | Jul 1, 2020 | Almanac Update
July historically is the best performing month of the third quarter however, the mostly negative results in August and September tend to make the comparison easy. Two “hot” Julys in 2009 and 2010 where DJIA and S&P 500 both gained greater than 6% and a strong...
by Chris Mistal | Jul 1, 2020 | Monthly Outlook
Climbing COVID cases and confusion about reopening the economy continues to confound the market. Even though hard working people and prudent businesses around the country are working diligently to reopen and safely serve clients and customers the increase in positive...
