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Last month proved to be the worst trading month of the year as the dreaded “September Effect” once again claimed the month for the bears (see Market Data section). We’re referring to an anomaly involving the historical average of a 1% decline for the S&P 500 in the month of September (1928-2021).
U.S. equity markets staged an impressive rally in July after a historically awful first half of the year. All major indices posted their best months in over two-years as they surpassed their 50- and 100-day moving averages. Unfortunately, the gains we witnessed in July fizzled in August as investors quickly lost hope that a dovish pivot by the Federal Reserve was on the horizon.
Equity markets are in a bear market. At present only the Dow Jones Industrial Average is failing to meet the technical definition of a bear market which is a 20% decline from all-time high, yet it may come soon enough.
Last Friday’s end-of-day turnaround rally possibly revealed where investors think the war in Ukraine is headed. What does this mean for the Market going forward?
MCF Capital Management is proud to announce it has joined the McKinney Chamber of Commerce. Representing over 1,400 businesses in the City of McKinney, the Chamber is the third largest chamber in the Dallas-Fort Worth Metroplex and is a 5-star accredited chamber by the U.S. Chamber of Commerce.
Events in the first two months of this year, although slightly delayed, have finally allowed us to solidify our economic and market expectations for 2022.
