Although the market was volatile in 2016, and the year began without the usual January rally, the 7-year-old bull market proved it could survive everything that happened during the year. The market recovered from its early slump, and then came back from its Brexit reaction. When foreign markets were stunned by the results of the November election, the US stock market showed its resilience.
Key Takeaways:
- When you showed up for work at the beginning of the year, disheveled, unshowered and in quite a mood, our hopes of a January effect .
- In June, once again it seemed that our bull market honeymoon might come to an abrupt end when your buddies in Britain decided they needed space to work through some things and voted to unfriend the European Union.
- when stocks start the year with a rally — were immediately dashed. In short order it was clear that this wasn’t just a mild case of the Mondays.
“Investors who stood by their stocks — the best investing strategy for a volatile market — were rewarded for their patience. By the end of March, the S&P 500 and Dow Jones industrial average were behaving as if nothing out of the ordinary had happened.”
https://www.nerdwallet.com/blog/investing/5-things-about-stock-market-2016/
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