As the economic data continues to worsen, the stock market keeps moving higher. Retail sales were down over 9%. This is worse than the depths of the financial crisis. Some economists are saying that GDP for the first quarter could be down between 40% and 60%.
However, over the first 15 days of April the S&P 500 has gained 27%! We have just experienced the largest 15 day point gain since 1933.
What Does It All Mean?
LPL researchers are stressing that stocks tend to lead the economy. The stock market is forward looking. It is saying that potentially better times are ahead. Whileuncertainty can be uncomfortable, it is important to keep your plan and not get distracted during challenging times.Individual investment strategies should be discussed with your advisor. If you have any specific questions, we welcome you to call us at 302.234.5655 or email us at email@example.com to set up a mutually convenient date/time to speak.