In October, the value of the SP500 index reached its lowest level since the beginning of the year. Where the fall was about 27%. Let me remind you that this year there were many negative factors for the World and American economy! Before we had time to completely get rid of the pandemic, a military conflict began on the territory of Ukraine, which in one way or another affected each of us. Market falls this year put on a par with the biggest crises in the history of the World! Throughout the year, the US Federal Reserve repeatedly raised interest rates by 75 basis points. And the country experienced one of the largest inflation in recent times. After inflation declined, the SP500 began to rise. Most likely this year we will be able to see a small New Year's Eve rally. During which the stock market will show relative growth.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.