{"id":423,"date":"2020-09-14T00:00:00","date_gmt":"2020-09-14T00:00:00","guid":{"rendered":"https:\/\/www.retirementrefined.com\/index.php\/2020\/09\/14\/stocks-orderly-pull-back\/"},"modified":"2020-09-14T00:00:00","modified_gmt":"2020-09-14T00:00:00","slug":"stocks-orderly-pull-back","status":"publish","type":"post","link":"https:\/\/www.retirementrefined.com\/stocks-orderly-pull-back","title":{"rendered":"Stocks \u2013 Orderly Pull Back!"},"content":{"rendered":"

The S&P 500<\/strong> reached a new all-time high, 3588<\/strong>, the Nasdaq Composite<\/strong> did the same, reaching 12,074<\/strong>, both on September 2, 2020<\/strong>.\u00a0 From there, these major stock indexes have pulled back in what I consider, an orderly fashion.\u00a0 No panic for now, just the realization that valuations were getting stretched, the uncertainty of additional stimulus prior to the election, the upcoming results of schools and (indoor) restaurants reopening, and of course, let\u2019s not forget, a Presidential Election is now weeks away.<\/p>\n

Investors appear to have confidence that corporate profits will return to year end 2019 levels<\/strong> in 2021.\u00a0 Hopefully a year from now, fruition!!<\/p>\n

Last week US major stock indexes were down with the S&P 500 losing (2.49%)\"\", the Dow off (1.61%), the Russell small cap index (2.45%) and the Nasdaq Composite (4.06%).\u00a0 It makes sense tech would pull back the most, as the index is up over 20% year-to -date.<\/p>\n

Over the pond, the developed market MSCI EAFE index rose 1.45% with the Emerging Market stock index down (.67%).<\/p>\n

Government Bond yields remain in a close trading range as the 10 Year US Treasury Yield ended the week @ .67%, just about where it was on June 30th<\/sup> @ .65%.<\/p>\n

Social Security On-Line Account<\/strong><\/p>\n

This is a quick list of what can be accomplished by having a Social Security On-line account:<\/p>\n