LPL: October And The Fourth Quarter In Six Charts
Market Blog “October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August, and February.” Mark Twain After a historic 60% rally, stocks pulled back in September before a late month bounce. In the end, the S&P 500 Index fell […]
John Hancock: Weekly Market Recap Week Ended October 2nd
Back on track The major U.S. stock indexes rose 1% to 2%, snapping a string of four consecutive weekly declines. At Friday’s close, the S&P 500 was down 6% from its early September record high, the NASDAQ was down 8%, and the Dow was 4% lower. Mixed jobs report Although the U.S. economy […]
John Hancock: U.S. Bank Outlook Brightens as Borrower Health Improves Post-Lockdown
As the COVID-19 outbreak grew into a pandemic earlier this year, the U.S. economy was severely tested. How would it bridge the gap as one industry after the next was forced to curtail operations and, in some instances, essentially shut down? Understandably, investors’ fears immediately turned to banks, which were seen as especially vulnerable to […]