Coverage Universe - Weekly Price Change: Oct 18-25, 2019
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Time Value of Money: Updates: Preferreds Shares, REITs, SU, CNQ, SPB, CHW
It was almost one year ago to the day when the Dow Jones Industrial Average bottomed out after a 16% plunge. The Dow reached a similar high at the start of the year in January, the decline both times was connected to overly tight monetary policy at the US Central Bank.
It was the Dec-2018 market nose dive that finally convinced the US central bank to change policy. Markets have in general responded favorably since.
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