Pennsylvania Trust



Over the past few months, major swings in U.S. stocks have become the norm. Both December 26 and January 4 saw major markets gain more than 3% while December 21 and January 3 both saw markets drop by 3%.

Friday’s move was caused by a better-than-expected jobs report and sympathetic comments from Federal Reserve Chairman Jerome Powell.

Also of note, the S&P has now traded in an intraday range exceeding 2 percent on 15 of the last 21 days, the most since 2011.

Disclosure: This Commentary represents a review of topics of possible interest to Pennsylvania Trust’s clients and is not personalized investment advice. It contains Pennsylvania Trust’s opinions, which may change following the date of publication. Information obtained from third-party sources is assumed to be reliable but is not guaranteed. No outcome – including performance – is guaranteed, due to various uncertainties and risks. This document is not a recommendation of any particular investment. Investment decisions for clients are made on an individualized basis and may be different from what is expressed here. Past performance is no guarantee of future results.