Many advisory firms talk about their array of tools and resources. Every firm that is worth talking to
has them. The difference, however, is what the advisor does with them. Do they have the insight to use
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“Most kitchens have the same spices in the spice rack. That does not mean everyone is a good cook.”
– anonymous
The Standard & Poor’s 500 stock index opened the final quarter of 2021 by gaining 1.15% today. For the week, the S&P 500 lost -2.3%, as the budget battle and infrastructure deal in Congress continued a September slump.
According to the Market Intelligence Desk at NASDAQ, September ranks as the worst-performing month for the S&P500 over the last 10- and 20-year periods, and it is the only month with negative average returns over both periods. The S&P 500 lost -4.7% in September.
For the quarter, which ended Thursday, the S&P 500 eked out a gain of six-tenths of 1%. Although the gain was fractional, it was the sixth consecutive quarter in which the S&P 500 showed a positive return since the 19.6% quarterly loss in the first quarter of 2020, when the Covid pandemic struck the U.S.
The S&P 500 closed Friday at 4,357.04, up +64.28% from the March 23, 2020, bear market low.
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