An 11.4% One-Week Gain In Stocks

Published April 10, 2020, 8 p.m. EST

- The newly released consensus forecast of 60 economists surveyed by The Wall Street Journal is for an unprecedented -25.3% reduction of economic activity this quarter, followed by +6% growth in Q3, and +6.6% growth in Q4.

As you might expect, business owner optimism plunged in March. It was the largest monthly decline in the survey's history. But previous monthly declines of the same magnitude have occurred since the National Federation of Independent Business began this monthly survey in 1986, under the direction of chief economist William Dunkelberg. A month from now, the results of NFIB's survey will tell us much more about the future of the economy.

The Standard & Poor's 500 index, a benchmark of American financial might, and a proxy for progress worldwide, closed Friday at 2,789.82, up 11.4% from last Friday's closing price of 2,488.65. Expect volatility until the health crisis apex is more predictable, but keep in mind that the outbreak of COVID-19 is expected by public health authorities to be at its worst sometime between mid-April and the third week in June.

While the financial effects of the crisis are unfolding, the U.S. Government's response is massive. If you own a business and have questions about the Paycheck Protection Program or the CARES Act, please contact our office as soon as possible. Financial aid from the U.S. Government Small Business Administration is on a first-come, first-served basis.


The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general. It is a market-value weighted index with each stock's weight proportionate to its market value. Index returns do not include fees or expenses. Investing involves risk, including the loss of principal, and past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted.

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This material represents an assessment of the market and economic environment at a specific point in time and is not intended to be a forecast of future events or a guarantee of future results. Forward-looking statements are subject to certain risks and uncertainties. Actual results, performance, or achievements may differ materially from those expressed or implied. Information is based on data gathered from what we believe are reliable sources. It is not guaranteed as to accuracy, does not purport to be complete, and is not intended to be used as a primary basis for investment decisions.

This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

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