downov4-300x137 Market Snapshot - Monday 11.04.19

The market turmoil that rocked the end of 2018 led Wall Street to speculate that perhaps 2019 was not going to be the best year as most investors would have hoped. It turns out that the doom-and-gloomers missed the mark by a mile, as 2019 saw a continuation of the largest bull market in US history.


Also note that analysts may have been expecting less-than-stellar results for Q3 earnings as a record number of S&P 500 companies issued negative guidance heading into the beginning of the quarter. Year-over-year, many of the S&P 500 may be showing negative growth for the third consecutive quarter, but so far 76% of the companies that have reported have beat analyst expectations. 


The US-China trade dispute and other geopolitical concerns continue to spook investors. But whatever concerns investors have, market performance seems to fly in the face of naysayers who continue to warn us that perhaps this might be the tail end of a spectacular bull run. Of course, a lot can happen between now and the end of 2019, but so far it appears as if 2019 may end up a year in which the wall of worry propelled the market into new record territory.


The Dow is just points away from setting new record highs, closing up 0.42% today at 27,462.11. The S&P 500 closed at 3,078.28, advancing 0.37%. The Nasdaq rose 0.56% to end the day at 8,433.20.

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