Shesa's AUG/SEPT Investment Blog
AUG/SEPT 2021 - INVESTMENT BLOG By Shesa Nayak U.S. Stock Market Commentary Last week S&P 500 and NASDAQ had another all-time record high. The DOW made all-time record high on August 16. Historically, August is not a great month for stock market, but September happens to be the worst month for the market. Still, we saw new records for the stock indexes in August. The main reason could be attributed to exceptional second quarter earnings, infrastructure bill and Federal reserve. As we know, President Biden's $ 1.2 trillion infrastructure plan was passed in Senate this month followed by $3.5 trillion democrats’ human infrastructure reconciliation bill which was passed in the house. Last Friday, Federal Reserve Chairman Jerome Powell indicated that the central bank is likely to begin tapering asset buying program before the end of the year. However, he also reiterated that rate hikes are not imminent as there is still...