Black Tuesday – 95th Year Anniversary
You may not have realized it, but today marks 95 years since Black Tuesday—the day that sent the world into the economic turmoil of the Great Depression.
You may not have realized it, but today marks 95 years since Black Tuesday—the day that sent the world into the economic turmoil of the Great Depression.
I was speaking with a recently retired widow. She was telling me about her past week. While I wasn’t surprised by how busy she was. I was really surprised by how diverse her activities were.
It’s always great to start with the words, “The markets finished the quarter at an all-time high.” Fortunately, that’s the case this time around. The S&P 500 rose 2% in September, and 5.5% for the entire quarter. The Dow, meanwhile, gained 8.2% in Q3. Both indices set new records along the way.
Over the last two years, the Fed has tried to do the seemingly impossible: Cool down consumer prices without starting a recession. To do that, the Fed turned to the only tool available: Interest rate hikes.
Recently, a background check company called National Public Data confirmed they had experienced a data breach earlier in the year. As a result, the personal information of millions of Americans had been compromised – including, in some cases, Social Security numbers.