Weekly Market Update – May 22
We hope you are well and ready to enjoy a beautiful holiday weekend. After declining last week, the S&P 500 increased this week and continues to trade inside a range of 2850-3000.
We hope you are well and ready to enjoy a beautiful holiday weekend. After declining last week, the S&P 500 increased this week and continues to trade inside a range of 2850-3000.
We hope this finds you well, and exploring more outside your home, or at least the sunny outdoors. This week, the S&P 500 declined, and bigger picture: has continued to move sideways over the trailing month, from the middle of April until now.
The S&P 500 continued its grind higher this week – we have continued to see market volatility trending lower as markets have digested much of the current economic fallout from the coronavirus pandemic.
Fear, uncertainty, volatility, panic—these emotions are nothing new to the world of investing. In fact, they seem to reappear on a fairly consistent basis. The
Year to date, the low point of the S&P 500 happened on March 23rd. Since that time, stocks have rallied in spite of a host of negative announcements on the economy and record high unemployment.