Weekly Update:

Good Morning!

Volatility is the word of the week.

The S&P 500 Index started last week at 2,769.58 and hit a low of 2,634.81.  This was a 5.11% decline in just a few days. The index ended at 2,658.39, which is a 4.18% decline for the week.

Volatility appears to be back, and there are a few significant influxes bothering the market.  We see the problems as:

  • Anxiety about violence (real and threatened)
  • Political Rhetoric
  • Feelings that a recession is due

Fortunately, the November elections are only a few days off.  Unfortunately, the 2020 election cycle will start soon.

We believe that volatility is here to stay for a while.  Contact your advisor to discuss ways to grow profitability in this volatile market.  All of us at McQueen Financial are dedicated to your long-term success.

Have a great week.

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