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The 10-Year Anniversary of the Bull Market

It was a meteoric ascent, with a few blips along the way. That may sound like a dramatic way to express the stock market’s rally of the past 10 years, but there are any number of adjectives that could be substituted for “meteoric.” The truth is that if someone had invested in an index fund tracking a broader representation of the equities market during that time period; March 9, 2009 to March 9, 2019, would have more than tripled their money. The S & P 500 was up 313 percent during this time period. Back in 2009, the market had bottomed out. This was post-financial crisis and it was a rough time for the market. The growth from that day forward has been a good period for the market and equity investors. To get more than a 300 percent gain on your money is not something that happens every day

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The Early Year Market Rebound of 2019

Last Christmas did not feel like a time for joy for many investors, who found themselves perplexed and shocked at the abrupt market volatility. It was not the gift they were expecting. A number of factors are thought to have left investors jittery the end of last year, among them; the Federal Reserve’s hawkish tone and the prospect of several interest rate hikes in 2019; concerns about trade talks as well as concerns with some FAANG stocks. These issues and others introduced some spectacular volatility into the markets that had prognosticators wondering about the new year. Had the long-running bull market really come to an end? Despite this volatility, stocks bounced back in the new year, and through the second week in February, the S & P 500 was up more than 16 percent. By February 22, the Dow had broken through the 26,000 mark for the first time since

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The news hasn’t been able to say enough about the “government shutdown.” It has been the headline story in many papers and the lead story on many evening newscasts. To say that the government was shut down is something of a misnomer. It was actually a quarter of the government, consisting of about 800,000 employees. The federal government, in large part, gets funded through appropriations determined by the Congress. Not all agencies of the government are funded for the current fiscal year; some are operating under temporary extensions. Those under temporary funding were impacted. Those federal employees who were affected fell into two groups; those who continued to work with deferred pay and those who were actually furloughed. This includes approximately 380,000 federal workers who were placed on temporary leave without receiving pay. The remaining 420,000 workers are considered “essential” and were required to report to work, even if their

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