Shesa's Investment Blog

As we know September happens to be the worst month for stock market. Despite Federal Reserve’s unlimited quantitative easing, this year is no exception. The year as weird as 2020 is going to stick to the same notion of the past. The market has been volatile this month and possibly continue to be volatile for the remainder of the year. Volatility does not necessarily mean market will only go down, rather it may keep fluctuating up and down. So, we should strategize accordingly. Both DOW and S&P 500 were down almost 10% from their all-time high and NASDAQ was down as much as 13% from its all-time high. Having said that, market rally last Friday brought all indexes to less than 10%. In other words, we are in     “pulled back” territory rather than “correction” territory. Why this     volatility? Well, I will attribute mostly to the following factors: The continued   growth of COVID-19 cases   which has gone past   7 million   in U.S and death rat...

  SEPTEMBER 2020 - INVESTMENT BLOG By Shesa Nayak   U.S. Stock Market Update       After U.S. stock market experienced one of the shortest and quickest bear markets in March, stock market has been in an upward trend ever since. NASDAQ is "the champion" which has gone up 21% so far this year. The S&P 500 index is up 3.4% year-to-date (YTD). Dow Jones Industrial Average is laggard as it still down -3.06% YTD. NSDAQ and S&P 500 both have hit new all-time highs. August has gone with a record as the  best August since 1984 . The crucial months of September are partially gone but October is another unfriendly month which is yet to come. Off late, there is a little bit of correction in the market which is healthier for long-term prospects of stock market. We can still see some volatility going forward. However, there is no reason to panic in my view. There are almost  $3.6 Trillion  sitting on the checking accounts, meaning not invested in t...