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  • October 28, 2020

U.S. Stocks Just Had The Best Month Since 1974

 U.S. Stocks Just Had The Best Month Since 1974

Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 18, 2019. REUTERS/Brendan McDermid

Stocks keep winning! Following a rapid decline in stock values to the point of a recession, stocks have rapidly begun to rebound. Since late March, U.S. indexes have risen over 30%. This rise is the highest percentage increase over a one month period since 1974. The rise comes in anticipation of the eventual reopening of the American economy that has been shut down due to the COVID-19 pandemic. The rally began following the passage of multiple stimulus packages by Congress. 

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Stocks are likely to continue their rise due to the fact that experimental drugs intended to combat the Coronavirus have been showing promise in U.S. studies. Stocks will likely have an additional bump when all 50 states reopen their economies. If America gets back to work, the economy will too. It is only a matter of time before the stock market hits an all time high for the 108th time since Trump has become President. Once again, America is being kept great thanks to President Trump.

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