Bloomberg reports One of the Best Years of the Bull Market Was Just Erased in S&P

The S&P 500 rose almost 29% over the course of 2019, good for the second-best year of the bull market. It took a little under four weeks to fall apart.

A rout that reached 11% on Monday briefly pushed the benchmark to 2,402, below its level of two New Years ago. Even after paring the decline at midday stocks were down more than 20% this year.

Extreme investor anxiety was on display on Monday after the second emergency Federal Reserve cut in two weeks proved too little to comfort investors obsessed with the coronavirus and its effect on the economy. The CBOE Volatility Index, known as the fear gauge, jumped as high as 76.4, just shy of its highest level since the 2008 financial crisis.


Not only was 2019 erased, at least momentarily, the entire rally since Trump took office is at risk.

Mike "Mish" Shedlock

Stock Market 10% Plunge is the Worst Since 1987

The Dow fell 10%, the S&P 500 futures fell 10.6%, and the Nasdaq futures fell 10.5% in a stunning rout.

No Bearish Forecasts for 2019

Of 17 S&P 500 estimates by analysts, not a single one was negative.

For All the Bleeping Uncertainty, Why is the Stock Market at All Time High?

Every day of the year another economist yaps about uncertainty.There’s uncertainty over the US election, over Brexit, over interest rates, over the strength of the US economy, and over global trade.

499 out of 500 S&P 500 Stocks Rose Today

Every stock in the S&P 500 rose today with the exception of Newmont Mining (NEM).

2019 Rate "Cuts" in Play

The market still expects the Fed to hike on Wednesday, but even the 3-Month yield is lower. Let's look ahead to 2019.

Stimulus Deal on 5 Yard Line: Stocks Soar But Questions Remain

Stocks are flying this morning on news a stimulus deal is at hand.

Stock Buybacks Fueling the Stock Market? By How Much?

Here’s the question of the day: are corporate stock buybacks fueling the stock market?

Fed's 2019 Interest Rate Expectations vs Market's Expectations

The Fed's view of where interest rates are headed in 2019 are quite different from market expectations.

Facebook, Amazon, Netflix, Google account for 90% of Market Cap Gains Since December 2014

In an interesting tweet that shows investor herding into a small subset of high-beta stocks, Jeff Macke notes Facebook, Amazon, Netflix, and Google, collectively named (FANG) account for over 90% of S&P 500 market cap gains since December 2014.