Reuters (June 13)
Despite tensions with the North, things are “upbeat” in Seoul. “Compared to pre-pandemic times, the capital city feels richer and more vibrant. A recent boom in local stocks, cryptocurrencies and real estate have spurred the city’s elite, unable to travel, to flex their wealth at home…. Luxury sales topped $14 billion in 2021, making South Korea one of the few markets worldwide to surpass 2019 levels.”
Tags: Boom, Cryptocurrencies, Elite, Luxury sales, Markets, North Korea, Pre-pandemic, Real estate, Richer, Seoul, Stocks, Tensions, Travel, Upbeat, Vibrant, Wealth
Market Watch (December 21)
So far the Dow Jones Industrial Average (DJIA) is up 22% in 2019. Since 1950, the average has climbed about “75% of the time, with an average return of about 8.9% in the following year, when it finishes the previous year with a return of at least 20%…. For the S&P 500 and Nasdaq Composite indexes, the gains tend to be even richer than those of their blue-chip counterpart.”
