After a rocky start to the fourth quarter, global stock markets stabilized in November. U.S. equities advanced by 2%, while foreign shares returned about 1% for the month. Although domestic stocks remain in positive territory year-to-date, investments in foreign companies have experienced double-digit losses.
October was a rough month for investors. Both U.S. and foreign stocks experienced sharp declines, pulling global stock markets down more than 7% for the month. The technology heavy Nasdaq Composite’s decline of more than 9% in October was its worst monthly performance since 2008.
About one in five members of the American Chamber of Commerce in Shanghai say they have been pressured to transfer technology.
Although September was a relatively quiet month for stock investors, third quarter returns were strong. Domestic equities surged more than 7% for the quarter, far outpacing foreign markets. For the past 9 months, U.S. stocks are sporting double-digit returns, while foreign stocks find themselves in negative territory.
Former Federal Reserve Chairman Ben Bernanke is not happy with the recent corporate tax cuts and increased government spending … otherwise referred to as fiscal stimulus.
Brookings scholars Ron Haskins and Isabel Sawhill define the “success sequence” as getting educated, working, and then marrying before having children … in that order. National Longitudinal Survey of Youth sociologists W. Bradford Wilcox and Wendy Wang recently tested the three success sequence among millennials (ages 28 to 34).