Pass Fail Finances
July 16, 2020

Summer of Love

As the country experiences the pain of the Covid-19 pandemic and the violence surrounding social unrest, the stock market has found love.  Since the intra-day lows on March 23rd, the passion for stocks has burst during the summer months.  Here are the stats, the Dow and S&P are up about 50% from their lows and the Nasdaq has incredibly risen over 60%.  August 2020 looks to be the best August month since 1984, when Elon Musk was 13 years old and dreaming about rockets.  Even with the economy rocking at the start of the year, investors would have been hard pressed to pick this type of love affair for equities.  The advance in stocks is like wow man…