Monthly Archives September 2020

Market Pulse – August 2020

KEY TAKEAWAYS The rally from the pandemic-induced March crash went into hyper mode in August, with the S&P 500 closing at record highs almost daily.1 Third quarter 2020 U.S. GDP is forecasted to rebound strongly from the prior two quarters. GDPNow is forecasting a 28.5% increase in GDP (see chart in article). Treasury yields increased on the back of the Fed announcing that an average of 2% inflation will now be the target, allowing inflation to remain over 2% before considering action.2 Another month went by without additional economic stimulus benefits coming out of Congress, making the equity market leap
Read More

Categories: Uncategorized.