Market Pulse – July 2020
- The rally from the March crash extended through July, with the S&P 500 closing at a new month-end record high.1
- The second quarter 2020 U.S. GDP print was bad, as expected, down 32.9% on an annualized basis.2
- U.S. Treasury yields continue to decline even in the face of strong equity returns.
- Many economic stimulus benefits expired at the end of July. Will Congress reach an agreement to provide the economy/markets with additional fiscal stimulus dollars?