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
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Posts by atpw_admin
Chart of the Week – 8/27/2020
Chart of the Week – 8/20/2020
Chart of the Week – 8/13/2020
Market Pulse – July 2020
KEY TAKEAWAYS 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? Read the full article in the downloadable PDF » 1https://finance.yahoo.com/quote/%5EGSPC/history?period1=-1325635200&period2=1596326400&interval=1mo&filter=history&frequency=1mo 2https://www.statista.com/chart/22426/long-term-gdp-growth-in-the-united-states/
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Chart of the Week – 7/30/2020
Chart of the Week – 7/16/2020
Market Pulse – June 2020
KEY TAKEAWAYS • The rally from the March crash extended through June 8th.1 • Between easing lockdown restrictions and increasing protests, cases of the corona virus hit new highs. • As a result, the second half of June was decidedly more negative with a -6% blow to the S&P 500 on June 11th,2 erasing the month’s gains in one day. • The paramount question remains: What will be the pace of the economic recovery, especially in light of conflicting economic data? Read the full article in the downloadable PDF » 1 https://tinyurl.com/y8zngmav (use Interactive Chart for the last
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Advisor Profile: Brad Burr
“Whether it’s an individual client or a business client, you have to uncover their need and find a solution.” ATPW Advisor Profile – Brad Burr
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