Market Analysis

This Month’s Recap

• Decreasing COVID-19 infections and evidence of economic recovery lifted stocks
• Rising Yields fuels sector rotation
• U.S. Dollar appreciated over 2% year-to-date

U.S. Markets

2020 RECAP

• The pandemic sends the economy and financial markets reeling
• Congress passes $2 trillion economic stimulus bill
• The global economy stumbles, but adopt several important trade agreements
• Vaccines emerge as the stock market ends the year at record levels

This Month’s Recap

• Stocks move higher thanks to month-long succession of positive news events
• An effective COVID–19 vaccine may be just around the corner
• Markets welcome the prospect of divided government 

U.S. Markets

This Month’s Recap:

• Equity markets drift lower in October
• Congress failed to deliver a second COVID relief bill
• Global COVID-19 cases rise, contributing to market pressures

U.S. Markets

Q3 QUARTERLY RECAP

• Stocks post further 2020 gains in Q3, despite a modest pull back in September
• Economy claws back adding 1.3m jobs in Aug and single digit unemployment rate
• Federal Reserve announces a shift in approach to inflation while keeping rates at historic lows

The Dow Jones Industrial Average (DJIA), one of the most widely followed stock market indices, has made some key changes to its starting lineup.

This Month’s Recap:

• Stock prices surged in August
• Investors cheered positive news of potential COVID-19 treatment
• A month-long succession of upbeat economic data is welcomed

U.S. Markets In this Month’s Recap:

U.S. Markets

Stock prices rallied in July as further development of a COVID-19 vaccine and better-than-expected corporate financial reports encouraged investors.

Q2 Quarterly Recap

In recent days, we have watched as outraged and frustrated protestors spilled out into the streets of American cities. Across our communities, unhealed wounds have been brought vividly to our attention once again.