An Economy on the Mend
Looking at the Past Quarter
A great deal of market volatility was introduced during the fourth quarter of 2014. A drop in the S&P 500, which began on September 19th, continued a downward spiral that culminated with the average bottoming at 1862 on October 16th. At that point, the average was negative for the year. The S&P then proceeded to rise and fall in swings of 100 points or more until the end of the year. It is interesting to see how the index fell so sharply, then recovered and fell again. By the end of the year, with the average having moved from1972.3 on September 30th to 2058.9 on December 31st, there was a gain of 4.39% for the quarter and a gain of 9.87% for the year.