It has been a strong close to November with all major stock market indices ascending well over 5.00%
It has been a strong close to November with all major stock market indices ascending well over 5.00% for the month. It was the DJIA leading the way with a strong finish to the month as it closed the month up 5.93% and is even out of a year-to-date correction. Since the close on Tuesday, November 1st, 2022 the major stock market indices have faired quite well with the DJIA leading the way as it has improved by 5.93% to close the month at 34,589.77 points which was an improvement of 1,936.57 points. It was the S&P 500 that gained 224.01 points to close at 4,080.11 which was a gain of 5.81%. It was the NASDAQ Composite that gained 5.30% to end trading for the month at 11,468.00 which was a gain of 577.15 points. It will be interesting to see how the major stock market indices will fair for the remainder of the year which was seeing an on again off again romp for the major stock market indices as they have been in 'CORRECTION' or 'BEAR-Market' territory off and on for much of the year. Levels year-to-date outlined below. On January 3, 2022 the levels of the major stock market indices were near their all-time highs with the DJIA at 36,585.06, S&P 500 at 4,796.56, and NASDAQ Composite at 15,832.80. Since January 3, 2022 the DJIA is lower by -1,995.29 points or -5.45%, the S&P 500 is lower by -716.45 points or -14.94%, and the NASDAQ Composite is lower by -4,364.80 or -27.57%. Sufficed to say we have been grappling back and forth between a 'CORRECTION' and 'BEAR-Market' for several weeks and months and the outlook may be prosperous in the near term as we may see more of this potential holiday season rally. Time will only tell if the 'GREAT-est' 'BULL-Run' of all time will get reinvigorated. Be well and stay well! All the best...
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