Economic Update — Reviewing Q1 2022

The post-pandemic stock market rally came to a sobering halt in the first quarter of 2022. All three major US indices fell by double digit percentage points at some point in Q1. The Dow ended the first quarter of 2022 4.6% lower, the S&P 500 finished Q1 down 5%, and the NASDAQ was off 9.1% … Continued

Economic Update — Reviewing Q4 2021

After a flat Q3 for equities, the bull market ended 2021 with a bang. (Spoiler alert: 2022 is off to a rough start.) In the fourth quarter of 2021, the S&P 500 charged 11% higher. The NASDAQ rose 8.5%, while the Dow finished Q4 up 7.9%. Download Visual | Modify in YCharts For the year, … Continued

Economic Update — Reviewing Q3 2021

For most of Q3, it appeared the bull market would continue charging, but equities stalled out in September. In the third quarter of 2021, the NASDAQ and S&P 500 both rose by as much as 5% but finished around flat, while the Dow lost 1.5%. The last day of Q3 marked the first time in … Continued

Economic Update — Reviewing Q2 2021

The green flag continued flying for the bull market in Q2 of 2021, as investors continued to load up on assets of all types. With most of the country fully reopened thanks to improving coronavirus vaccination rates, US markets continued their climb. The Dow and S&P 500 gained 5.1% and 8.5%, respectively, but a marketwide … Continued

Economic Update — Reviewing Q1 2021

A big green flag was waved for the bull market in the first quarter of 2021, as investors continued to load up their plates with risky assets. With a presidential election behind us and ever-growing coronavirus vaccination rates ahead, US markets got back off to the races. The NASDAQ gained 3% in Q1, but a … Continued