All Clear?
The third quarter showed some very strong stock market performance, with the
S&P 500 up approximately 15%. The recent market rally actually began in
early March and since the Index reached a low point on March 9th, the S&P
500 has risen nearly 62% through mid October. So to what can we attribute this
stellar performance? The headlines would tell you that it was “better than
expected” third quarter corporate earnings that played the biggest part. The
Index of Leading Economic Indicators would also suggest that things are turning
upward. But before you interpret an “all clear” signal, beware: No longer
getting worse does not always equate to getting better and the canary is still
coughing. >Read More