Monthly Investment Update: August 2020

Risk assets rose sharply in July as investors digested US economic and corporate earnings data for the second quarter 2020 and tracked the progress of a potential new stimulus bill from Washington. The S&P 500 returned 5.6% during the month, led by the consumer discretionary sector, which is now significantly composed of e-commerce companies like Amazon, which returned 9.0% during the month.

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Weekly Investment Update July 20, 2020

US equity markets, as measured by the S&P 500 index, rose 1.3% last week. Investors have been optimistic about the progress toward economic reopening across the US despite several hotspots around the country with significantly increasing COVID-19 cases.

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Monthly Investment Update: July 2020

The first half of 2020 has seen many unprecedented events, both in terms of the impact on society from the COVID-19 pandemic as well as the resulting extreme movements in risk assets. The year began on a relatively optimistic tone as US equity markets marched toward all-time highs in February, aided by tailwinds from stable economic conditions, an accommodative Federal Reserve, and substantive progress on the US-China trade dispute.

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Weekly Investment Update: June 22, 2020

Equity markets advanced last week with the S&P 500 returning nearly two percent as investors tracked data on the gradual reopening of the US economy that continued to be “less bad”. For example, despite initial unemployment claims being above one million for the 13th week in a row, the initial claims continue to decline week-over-week, and those with continuing claims have been modestly declining as well since mid-May, though the number remains above 20 million Americans.

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