We begin November’s newsletter by focusing on how the market usually performs when it is up this much through October. We also share the latest tax planning strategies from RRBB Accountants & Advisors. Finally, we share the most recent monthly commentary from Pacific Asset Management.
When the market is up this much through October, it usually finishes the year strong
US equity markets are now trading at all-time highs with the S&P 500 currently up over 23% YTD, the Dow Jones Industrial Average up over 18% YTD, and the NASDAQ higher by over 27% YTD.
If history is any gauge, these results are a bullish sign for stocks through year-end. The S&P 500 has performed this well (+20% or more through October) just seven times since the 1950s. When analyzing those seven years, the median return was 5.92% and all seven times led to gains for the rest of the year.
RRBB November Newsletter
RRBB Accountants & Advisors’ latest client newsletter provides money-saving year-end ideas, insights at how social security benefits have changed for 2020 and explains the power of cultivating gratitude. The full newsletter can be accessed by clicking the link below:
Brexit negotiations dominated the returns for Sterling investors in October as the Pound bounced on the hopes of a deal between the UK and Europe
Please click the link below to read the latest monthly commentary: