By: Wade Austin
March marked the one year anniversary of when the government’s top infectious disease expert recommended a 14 day national shutdown to slow the spread of the coronavirus.
February may be short on days (its last trading day was the 26th), but markets were not lacking for drama this February.
Stocks rode their post-election momentum into 2021 until a late bout of intense volatility during the last week of January erased the S&P 500 gains for the month.
2020 will be a year we wish we could forget but never will.
Equity markets worldwide experienced a “melt up” in November.
In October, uncertainties and drama associated with the election, pandemic, and fiscal stimulus negotiations weighed on markets.
Riding a red-hot streak of five consecutive monthly gains, stocks finally cooled in September.
Following July’s strong performance and entering a softer stretch of the calendar, many assumed equity markets would take a breather in August.
Initially propelled by an expectation smashing 4.8M June jobs gained report and sustained by the announcement of several promising phase III clinical trials for Covid-19 vaccines, equity markets continued their remarkably persistent rally in July.