More good news for stock investors. Global and US stocks just hit a new 52-week high, adding to a great year. Looking forward I am expecting more gains in the last two weeks of 2019. December is a historically strong month for US stocks and we’ve got a Santa Claus rally in play.
Global stocks held up well in the face of adversity in the third quarter. Despite the threat of a recession and uncertainty over the US, China trade dispute, the S&P 500 (SPY) fell just 1% in the third quarter. The tech heavy NASDAQ (QQQ) also fell -1%. The global stock market Vanguard (VT) fell -2%. Emerging Markets (EEM) lagged, falling -6%.