For the week, the S&P 500 gained 1.86%, the Dow added 1.61%, and the NASDAQ increased 2.34%. MSCI EAFE stocks also increased, posting a 1.42% weekly gain. Friday’s performance marked one of the largest rallies since the beginning of this bull market.
The downside to on-line automation is error correction, which requires human interaction. I feel that local brick and mortar credit unions or banks will continue to exist, mostly in partnership with larger brick and mortar retail stores in high traffic areas, to allow human interaction to deal with exceptions.