Is the stock market crazy? Many investors are asking that question after the recent rally. The S&P 500 is down approximately -11% year-to-date, having rallied from being down -31% year-to-date as of the low on March 23rd. Over the past twelve months, the S&P 500 is now up +0.4%. The NASDAQ is up +0.5% year-to-date, and believe it or not, it's up a healthy +15% from year-ago levels. Given the damage COVID has wreaked on our economy, it is tempting to interpret this recent strength as crazy. Is it? Could it be a bear-market rally? Time will tell. We have no "edge" on forecasting near-term market moves. Here are four reasons that the market's resilience might not be irrational: 1. There’s
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Frank Byrd and Stephen Korn
- Oct 16
Is Bitcoin Fools Gold?
...be appropriate for their portfolios. Let us know if you’d like to schedule a conversation to discuss this.
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