Stock market forecasts from Punxsutawney Phil would probably have about the same chance of being accurate as forecasts from most pundits. (Photo from Punxsutawney Groundhog Club)ColumnistWould you believe that we’ve just seen the stock market set a record? There’s been quite a lot of whiplash in the markets lately, and the swing between December’s drop and January’s jump is a classic example. Then there’s the Wilshire 5000 total stock market index, which had a biggest-ever $5.2 trillion month-to-month swing — the biggest-ever $2.8 trillion monthly drop in December, followed by the biggest-ever $2.4 trillion monthly jump in January. The 17.1 percent December-January S&P swing is the biggest ever for those two months — but only the 38th largest two-month swing on record, according to S&P Dow Jones Indices.

Source: Washington Post February 01, 2019 21:09 UTC