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.
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