Archives for Uncategorized

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.

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/
Read More

Categories: Uncategorized.