It's been a pretty impressive run for the stock market this week. The S&P 500 is up 4.9% and this is the best week since 2011.
Our outlook is pretty good for December given that Black Friday sales were really strong.
Amazon, for instance, had a record amount of unit sales during Cyber Monday and an interesting thing to note is that since 1950, December has had the highest average stock market returns for any month.
The information provided should not be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. The information provided does not take into account the specific objectives, financial situation or particular needs of any specific person. Diversification does not ensure a profit or protect against a loss in a declining market. There is no guarantee that any particular asset allocation or mix of funds will meet your investment objectives or provide you with a given level of income. Forecasts or projections of investment outcomes in investment plans are estimates only, based upon numerous assumptions about future capital markets returns and economic factors. As estimates, they are imprecise and hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results. Investing entails risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time. The stock market is in reference to the S&P 500 index. An index is unmanaged, does not reflect management or trading fees, and one cannot invest directly in an index. The 4.9% performance for the S&P 500 was referenced from Bloomberg Terminal TRA screen of the SPX Index from the close of 11/23/2018 to the close of 11/30/2018. This week being the strongest for the S&P 500 since 2011 was referenced from the Bloomberg article, “S&P 500 Has Best Week Since 2011 Ahead of Trump-Xi Dinner: Chart” by Nancy Moran. Black Friday’s strength was referenced from the Barron’s article, “The Dow Soared 354 Points Because It’s The Time of the Year to Give” by Evie Liu. Amazon’s record unit sales on Cyber Monday was in reference to the Bloomberg article, “Amazon Says Cyber Monday Was the Biggest Shopping Day in Company History” by Polina Noskova. December having the highest average returns for any month since 1950 was in reference to the Bloomberg article, “U.S. Stocks Sprint Ahead to End a Blockbuster Week” by Evie Liu.