Message from Jon
Market UpdateWell, what is there to say except that this period reminds us of the late, late 90's where day-trading and speculation ruled the day and FOMO while it was yet a real thing, was certainly in high gear. When I see bragging online done by seemingly younger investors who are claiming they are taking their stimulus checks and investing them, or talking about using margin accounts and making money, you cannot help but to think how badly this will all end!3
Recovery Optimism Builds
WEEKLY UPDATE - JUNE 8, 2020
The Week on Wall Street
A positive jobs report sent stocks soaring last Friday, capping a solid week as evidence of a global economic recovery outweighed concerns over civil unrest and tensions with China.The Dow Jones Industrial Average jumped 6.81%, while the Standard & Poor's 500 advanced 4.91%. The tech-heavy Nasdaq Composite Index lagged, climbing 3.42%. The MSCI EAFE Index, which tracks developed stock markets overseas, gained 5.52%.