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Major Indexes For Week Ended 10/22/2021

Index Close Net Change % Change YTD YTD %
DJIA 35677.02  382.26  1.08  5,070.54  16.57 
NASDAQ 15090.20  192.86  1.29  2,201.92  17.08 
S&P500 4544.90  73.53  1.64  788.83  21 
Russell 2000 2291.27  25.90  1.14  316.41  16.02 
International 2329.38  28.41  1.23  181.85  8.47 
10-year bond 1.65  0.08    0.73   
30-year T-bond 2.09  0.04    0.44   
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.


With Economic Recovery Intact, Stocks Are Near Record Again

Updated Published Friday, October 22, 2021 at: 5:00 PM EDT

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Despite the Delta variant, inflation fears, supply chain disruptions, and uncertainty in Washington on spending and tax policies, the economic recovery from the pandemic meltdown remains intact.  

After losing about 5% in September, the Standard & Poor’s 500 stock index has rebounded in the last three weeks and closed at a new record high on Thursday. 

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The 60 economists surveyed in early-October by The Wall Street Journal expect the expansion to extend over the five quarters ahead. The consensus forecast is that the growth rate for the third quarter of 2021 will land at 3.1%, followed by 4.8% growth in the current quarter, with 4..2%, 3.8%, and 3.2% growth rates expected in the first three quarters of 2022. 

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Based on the consensus forecast of economists surveyed by The Journal shown in the dotted red line, the economy is expected to be back on its long-term growth trajectory, shown in the gray line, a year from now -- as if the pandemic never happened.

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The Standard & Poor’s 500 stock index closed Friday at 4,544.90, one-tenth of 1% lower that the all-time closing high it had hit on Thursday. The S&P 500 was up +1.63% from last week. The index is up +68.04% from the March 23, 2020, bear market low.

 


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The above referenced information was obtained from reliable sources, however Herold & Lantern Investments cannot guarantee its accuracy. Opinions expressed herein are subject to change. Past performance is no guarantee of future results. Asset allocation and diversification do not assure a profit or protect against losses in declining markets. Any information given on the site is informational and illustrative but does not recommend actions as the information may not be appropriate to all situations. It is important that you consider your tolerance for risk and investment goals when making investment decisions. Investing in securities does involve risk and the potential of losing money. Links to other sites are provided for your convenience. Herold & Lantern Investments do not endorse, verify or attest to the accuracy of the content of the web sites that are linked and accept no responsibility for their use or content. Herold & Lantern Investments do not provide tax, accounting or legal advice.


Are The Five Stocks Driving The Market’s Great Returns Overvalued?
Standard & Poors 500
4,544.90
Delayed Data
As of Oct 22
 -4.88 / -0.11%
Today’s Change