No More Bear! - Data update for August 21, 2020

We are no longer in a bear market, it ended this week.  We share some interesting data about that. We also share the updated Covid-19 tracker from First Trust Portfolios.  

No More Bear!

On Tuesday August 18th, the S&P 500 set a new high. This means no more bear!  We will have a lot about this on our next episode of Monday Morning Money.

No More Bear

Liz Ann Sonders from Charles Schwab (our soon to be custodian) posts some great data on Twitter.  Here are some interesting facts about the recovery… 

The “Awesome 8”

Eight companies have led the charge higher in the recovery.  And most of the rest of the companies haven’t done very well.

More evidence of a few big companies leading the charge.

Missing the Big “Up Days”

You always hear someone talking about missing the big up days.  It turns out many of them happen when the market is crashing.

Virus Data Update

Our friends at First Trust Portfolios have updated their virus data tracker.

Key Takeaways…

  • New positive tests and deaths continue to show a downward trend.
  • Progress continues on the development of a vaccine.
  • The US currently has some of the strictest social restrictions in the world right now. (green line).
  • This is nowhere near as deadly as the Spanish Flu in 1918.  And it isn’t as bad as the 1957-58 flu outbreak.
  • The number of states reporting increasing numbers continues to track lower.

“Fast Data” from First Trust

Fast data includes passengers being screened at TSA checkpoints and other data available weekly.  Below is some other data that shows an uptick in activity.

No More bear
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About the Author

Neal Watson is a Certified Financial Planner™ Professional and a Financial Advisor with Fleming Watson Financial Advisors.    He specializes in helping hard working, middle class families plan for retirement.

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