Message from Jon
The message is still the same right now. The markets are reacting to any news of a vaccine or immune therapy in addition to any stimulus.1,2,3 When either is missing from the news cycle, we have a return to volatile market conditions in our opinion.4
Till we speak again, carry on,
Markets React to Positive Outlook
WEEKLY UPDATE - MAY 26, 2020
The Week on Wall Street
Upbeat comments by the Federal Reserve Chairman and more signs of an economic turnaround combined to help fuel a powerful rally in the stock market last week.
The Dow Jones Industrial Average rose 3.29%, while the Standard & Poor's 500 advanced 3.20%. The Nasdaq Composite index climbed 3.44% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, gained 3.87%.