Sunday , June 16 2024
Home / Mike Norman Economics / It’s official: This was the best quarter for stocks since 1998 — Lee Clifford

It’s official: This was the best quarter for stocks since 1998 — Lee Clifford

Summary:
“It’s the first time you’ve had back-to-back (quarters) like this since the 1930s,” said Willie Delwiche, investment strategist at Baird. “It’s pretty unprecedented.” …The quarter’s gains were ignited by promises of massive amounts of aid from the Federal Reserve and Congress.  FortuneIt’s official: This was the best quarter for stocks since 1998 Lee Clifford

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

John Quiggin writes The edge of extinction

Lars Pålsson Syll writes The psychopathy of Ayn Rand

NewDealdemocrat writes May CPI continued to be all about shelter

Merijn T. Knibbe writes Deaths of infants and young children in Gaza. A fact-based estimate.

“It’s the first time you’ve had back-to-back (quarters) like this since the 1930s,” said Willie Delwiche, investment strategist at Baird. “It’s pretty unprecedented.”
…The quarter’s gains were ignited by promises of massive amounts of aid from the Federal Reserve and Congress. 
Fortune
It’s official: This was the best quarter for stocks since 1998
Lee Clifford
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *