Policy Crosscurrents: Potential Market Impacts
The Fed begins cutting interest rates, stocks as an election predictor, and fiscal policy winners and losers.
The Fed begins cutting interest rates, stocks as an election predictor, and fiscal policy winners and losers.
We are pleased to share Midyear Outlook 2024: Still Waiting for the Turn, the semi-annual report that recaps where markets and the economy have been over the first half of 2024.
The main takeaway from election results currently is likely a mixed government, which we continue to view as market-friendly overall.
The selloff continued on Tuesday, with the S&P 500 Index down 7.8% in the usually bullish month of April. With three days to go, this could go down as the worst April since a 9.0% drop in 1970.
2022 has been one of the worst starts to a year ever for stocks. In fact, it took the S&P 500 Index only 15 trading days to be down 10% for the year, one of the fastest ever.
Democratic control of Congress may not impact 2021 policy as much as many believe. The biggest changes may be around taxes, regulation, and stimulus prospects. With the elections behind us, 2021 policy is coming into focus.
2020 was a unique year, from the longest economic expansion ever to the shortest recession on record. Stock markets are forward-looking, and they want clarity on elections, too. Above all else, 2020 showed our ability to persevere.
As 2020 comes to a close and we look forward to 2021, we take a look at what we can expect in the stock and bond markets, the economy, and a new post-election policy environment in 2021.
As 2020 winds down, it has been an extremely tough year on all of us. Still, there are many reasons to be thankful and today we will share some reasons investors should be thankful.
Once the uncertainty is over, stocks tend to rally in November and December, with November the best month of the year during an election year.