Risk assets rose sharply in August as investors digested US economic and corporate earnings data for the second quarter of 2020 and tracked the progress of a potential new stimulus bill from Washington. The S&P 500 returned 7.2% during the month resulting in a nearly 10% return year-to-date.
US equity markets, as measured by the S&P 500 index, continued to push into record territory last week, with Friday’s index close above 3,500, which equates to a 10% year-to-date total return. Likely the biggest catalyst for last week’s 3% gain was the Federal Reserve’s announcement that it is updating how it manages inflation.
US equity markets, as measured by the S&P 500 index, advanced to new all-time highs last week as investor optimism toward the pace of the economic recovery continues to strengthen. Despite high levels of unemployment, trends toward consumer spending and housing have been gaining momentum.
Nearly five months ago, in mid-March, we shared our views on navigating the investment implications of the COVID-19 pandemic in a piece titled The Road Ahead. At the time, New York City was becoming the global virus epicenter and its health system was struggling to cope.
US equity markets, as measured by the S&P 500 index, continued to move higher last week, gaining approximately 1%. The index has now gained more than 50% from the 2020 closing low of 2,237 set on March 23.
US equity markets, as measured by the S&P 500 index, advanced more than 2% last week as investors continued to track the economic recovery and second quarter corporate earnings. Last Friday, the US Bureau of Labor Statistics reported that 1.76 million jobs were added back to the US economy in July...
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.
A busy earnings season continued last week, with now more than a quarter of S&P 500 companies having reported results. Year-over-year earnings growth, on average, continues to be starkly negative, but most companies have surprised analysts’ consensus expectations on earnings and revenue.
The first half of 2020 has been marked by the global COVID-19 pandemic still going on around the world. The U.S. election season is fast approaching and will add its own unique set of potential challenges and opportunities for investors. During this webinar you will hear insights on the current market outlook, the role of international equities, and an update on OneAscent's positioning and performance.
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.