The Homa Files

2019 summarized in 1 chart…

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OK, call me a single issue voter if you want, but…

The S&P closed at 3,230.78.

That puts the S&P up about 34% from the markets Xmas 2018 “correction” when the Fed tried to inch up interest rates.

Breaking that down…

It took the market about 7 months to rebound about 24% and get back to the pre-correction high.  (See the green dotted line above).

Then, the market tacked on another 10% in the back half of 2019.

And, the market still seems to have some steam for 2020.

I wouldn’t mind another 34%.

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This entry was posted on January 2, 2020 at 6:46 am and is filed under Stock Market, Supply of Money & Common Stock Prices. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.