2016: Annual Recap 2016 in stocks started with a bleak picture and were followed by irritable stock market until March when the S&P and Dow Jones were pretty average. The Brexit in June lead to a market stupor and dipped lower than January but it did even out surprisingly quickly. The election results in November caused a plunge in global markets and the S&P 500 futures fell but by the time we woke up November 9th, the market was already recovering. December 14th’s Federal Reserve rise in interest rates saw a little uptick then evened out again. How is 2017 going to turn out? It’s looking good so far!
- Our hopes of a January effect — when stocks start the year with a rally — were immediately dashed by one of the worst opening weeks in history, followed by weeks of irritability had us bracing for a bleak 2016.
- On a positive note, we’re proud of how quickly you sobered up after the election shocker. Global markets plunged, and S&P 500 futures fell 5 percent in the early hours after the outcome took shape.
- By the end of that month, the S&P 500 and Dow Jones industrial average were behaving as if nothing had happened.
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