A Spectacular Year For Stocks
Stocks are poised to close the year near a record-high, up nearly 30%, with just one-and-a-half trading days left in 2019. As a spectacular year for stocks ends, it's wise to remember that the 2019 bull market repeatedly defied widespread worries all year long, and returns in 2019 were defined by the actions of the Federal Reserve.
A year ago, stocks were in the throes of a 19.8% drop. On December 19th, 2019, the Fed chair had announced a quarter-point hike in interest rates, which triggered a short-lived plunge that, after rounding, qualified as a bear market.
On January 4th, 2019 the nation's most powerful financial officer appeared at the American Economic Association meeting in Atlanta, flanked by his two most recent predecessors, and admitted the Fed made a mistake by raising rates.
- Confirming Recovery Is Under Way
- Despite Grim Headlines, Stocks Rose Sharply -- Why?
- The Paradigm Shift In Valuing Stocks
- Retail Sales And Housing Starts In June Reveal Recovery's Shape
- Keeping Perspective In An Unreal Environment
- Economic Fundamentals Recovering As Stocks Surged For the Week
- Stocks Swing Wildly As Economic Recovery Begins
- Dog Days Of Summer In The Economy
- V-Shaped But Full Recovery Is Long Off
- Covid-19 Causes A Good Surprise
- The Epidemic Sets The Economy Back About Two Years
- Is This A New Bull Market?
- The Pandemic And Stocks
- Despite Disastrous Jobs Report, Stocks Surged 1.6% Friday
- Amid The Crisis In The Economy, Two Good Anomalies
- Financial Economics With The Epidemic's End In Sight
- The Beginning Of The End?
- An 11.4% One-Week Gain In Stocks
- What Investors Should Expect And A Business Owner Alert
- Is the Coronavirus Bear Market Over?
- What's An Investor To Think Now?
- Will Covid-19 Crisis Be Short-Lived?
- Despite Covid-19, Signals Of Economic Health Continue
- Covid-19: Facts And Perspective For Investors