Wall Street and global stocks surged in November, as the continuation of low-rate stimulus and progress in U.S.-China trade talks fueled appetite for risk. These factors overshadowed a gloomy outlook for the world economy after the International Monetary Fund (IMF) downgraded its growth forecasts for Europe and Japan. At the same time, the Atlanta Federal Reserve Bank is forecasting another slowdown in U.S. economic output for the final quarter of 2019.
Wall Street and global stocks ended a volatile third quarter on a soft note, as threats to global economic health pushed investors into the safety of gold and other traditional haven assets.
The Dow and broader U.S. stock market surged to new highs in July, as investors braced for the Federal Reserve’s first interest-rate cut in over a decade. As expected, the Fed lowered its benchmark interest rate on July 31, but not without some internal dissention.
After a punishing May, Wall Street and global stocks rebounded sharply in June, with the S&P 500 Index rounding out its best first half in two decades. For the Dow Jones Industrial Average, it was the best month of June since 1938. While impressive, the June rally was largely driven by the Federal Reserve, which gave its strongest signal yet that interest rates were heading lower.
Stocks, Bond Yields Plummet as U.S.-Led Trade War Expands to Mexico
Wall Street and global stocks pivoted sharply lower in May, with the Dow Jones Industrial Average posting its longest losing streak in nearly eight years as the Trump administration expanded its tariff war south of the border to Mexico. The selloff in New York exerted a gravitational pull on Canadian stocks, knocking the S&P/TSX Composite Index from record highs.
Wall Street Rounds Out Best Four-Month Start Since Dot-Com Era
Wall Street and global stocks extended their relief rally in April, as a combination of trade optimism, rebounding economic data and a more accommodative Federal Reserve fueled another month of explosive growth for riskier assets. April was also the month that the S&P 500 and Nasdaq came full circle, as both indexes returned to record territory for the first time since late September.
U.S. Stocks Round Out Best Quarter Since Great Recession as Attention Shifts to China, Brexit
Wall Street and global stocks extended their rally in March, capping off a stellar first quarter that had all the signs of ‘fear of missing out’ mentality. The market’s first-quarter performance will be hard to sustain in April, as attention shifts to U.S.-China trade talks and volatile corporate earnings
U.S. Stocks Have Best Start to a Year in Three Decades as Wall Street Shakes Off Bear Market
After a disastrous fourth quarter, Wall Street and global stocks are on firm footing once again. For U.S. equity markets, this past January was the best start to a year in over three decades. Positive earnings surprises and optimism surrounding U.S.-China trade negotiations helped the major indexes claw back some of the brutal losses incurred in December.
Wall Street Caps Off Worst Month Since Financial Crisis as S&P 500, Nasdaq Fall to the Bears
The 10 year bull market has finally come to an end. The longest bull market in more than 70 years ended in dramatic fashion during the final quarter of 2018 with the S&P 500 and TSX total return index down -4.5% ($U.S.) and -8.7% respectively. In December alone, the S&P and TSX (including dividends) each declined -8.8% and -5.2% respectively. Virtually all asset classes ended the year in negative territory. The correlation between asset classes became homogenous as almost all asset classes produced negative returns during 2018. As a result, investors swiftly moved into gold and other safe haven investments.