Pew Research Center, after polling nearly 15,000 residents worldwide, found 73% on average see China in an unfavorable light … China’s worst score since the survey began. The survey also found 78% of respondents had little or no confidence in President Xi Jinping.
While global equities declined approximately 3% in September, investors were still able to register gains in excess of 8% for the quarter. Over the past six months, U.S. stocks values have soared more than 30% … finishing their best two-quarter performance since 2009. After the steep first quarter plunge, stocks have clawed their way back to modest year-to-date gains.
August was yet another great month for stocks. Global equities advanced over 6% for the month and are now up 33% in just the past five months. The S&P 500 has returned nearly 58% since the market lows reached back on March 23. The technology heavy Nasdaq Composite has skyrocketed over 72% during the same period.
Global stocks advanced for the fourth straight month with returns of just over 5% during July. Since the 21% decline in the first quarter, global stocks have now rebounded more than 25%, marking their best four-month percentage gain in over 20 years.
The care for over 60% of nursing-home residents is subsidized by Medicaid, according to data from the Kaiser Family Foundation. Few private insurers cover long-term care because Medicaid is relatively easy to obtain. It is estimated that Medicaid “crowds out” 70% of long-term care insurance.
Domestic stocks returned just over 2% for the month of June, ending their best quarter in over 20 years. During the first two quarters, U.S. stock performance reflected an almost perfect mirror image … gaining 22% during the second quarter, after losing nearly 21% during the first three months of the year.
Global stocks ended the week 2% higher as investors struggled to reconcile the benefits of economic recovery against the rising rate of coronavirus infections. Oil prices closed just shy of $40 per barrel, for their highest close since March.
The week started well, but ended on a down note for stocks. The Dow Industrials lost 1500 points, as the broad U.S. market declined 5% for the week. Global equities are now down nearly 8% year-to-date.
Stocks had yet another huge week. Global stock markets advanced nearly 6% over the past five days and are now up over 22% quarter-to-date. U.S. stocks have now erased most of their “coronavirus losses” and are now down less than 1% for the year.
Domestic stocks returned 5% during the month of May and registered their best two-month performance since April 2009. Global stock markets have rallied more than 30% since the market lows reached in March … reducing year-to-date losses to single-digits.