Last week was extremely volatile as we all know. But it was also a positive week for all three of the major averages which might surprise some of you. But, last week was last week and this week is going to be volatile.
We are seeing moves in stocks, bonds, interest rates, and oil that we have never seen before, especially when it comes to the speed of these moves.
As we’ve mentioned numerous times, these sell-offs are gut-wrenching and the speed of this sell-off makes it even more so.
Month-to-date, as of Friday’s close, the S&P 500 is up, two-thirds of one percent, but over the next few weeks the following questions need to be answered:
- Is the growth rebound a second half of 2020 story or is it going to be pushed out into 2021?
- How much stimulus are we going to get from the Federal Reserve and the U.S. Government?
- When does confidence and morale concerning the coronavirus improve?
- What’s next will oil?
Despite what has been going on in the equity markets, high-quality bonds and gold are protecting some of your downsides and performing nicely. This allows us to ride out the storm on the stock side until we can get to the other side of this.
Here are some of the key economic data points to be released this week:
3/10/2020: National Federation of Independent Business (NFIB) Small Business
3/11/2020: Consumer Price Index (CPI)
3/12/2020: Producer Price Index (PPI)
This has been your Weekly Market Minute, and we’ll see you on Monday – prefer to listen or watch? Check out our video & audio formats below: