Investment Review – June 2020

June 12, 2020 Investment Review
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 Stocks, measured by the S&P 500, ended the month of May off just 5.8% for the year after rallying 36% from the late March low. In May the Dow Jones Industrial Average gained 6.2%, the S&P 500 was up 6.5%, and the Nasdaq Composite gained 9.1%. International equity markets were also higher. The MSCI […]

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Investment Review – May 2020

May 19, 2020 Investment Review
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 The major U.S. equity indices finished April with one of their best months in history, with the S&P 500 rallying 12.7%. The market appears to be pricing in a quick recovery from the coronavirus and its related disruption of business. Year-end 2020 and 2021 consensus earnings estimates for the S&P 500 have been coming […]

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Investment Review – April 2020

April 22, 2020 Investment Review
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 The major U.S. equity indices pulled back sharply in March. The Dow Jones Industrial Average fell 13.6%, the S&P 500 was off 12.4%, and the Nasdaq Composite dropped 10.1%. The spread of the coronavirus and the subsequent nationwide shutdown of non-essential businesses fueled the decline. Year-end 2020 and 2021 consensus earnings for the S&P […]

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Investment Review – March 2020

March 12, 2020 Investment Review
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 Stocks in February experienced an acceleration in volatility as the spread of COVID-19 widened to include all continents except Antarctica. Overall, the S&P 500 returned -9.3%, and the Dow Jones Industrial Average returned -11%. The Nasdaq Composite fared better, losing -7.5% during the month. Each index corrected over 10% from its recent all-time highs […]

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Investment Review – February 2020

February 13, 2020 Investment Review
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 January was a volatile month of trading, and the market plunged on the last day amid rising fears about the rapid spread of the coronavirus. Overall, the S&P 500 returned -0.04% in January, and the Dow Jones Industrial Average returned -0.89%. The Nasdaq Composite fared better, generating +2.00% during the month. Oil prices fell […]

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Investment Review – January 2020

January 17, 2020 Investment Review
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 In stark contrast to the December decline one year ago, the S&P 500 returned 3.02% for the month, closing 2019’s total return up 31.49%. Consumer spending was robust during the Holiday season. MasterCard Spending Pulse, which tracks consumer-spending tendencies, saw an increase of 3.4% from Nov. 1 through Dec. 24th. This is an impressive […]

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Investment Review – December 2019

December 12, 2019 Investment Review
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 U.S. stocks closed out November with their largest monthly gains since June. The Dow Jones Industrial Average, S&P 500 and the Nasdaq Composite each rose more than 3% for the month. The indexes set records in the month. An accommodative Federal Reserve and confident consumers have supported current economic growth and expectations for stock […]

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Investment Review – November 2019

November 15, 2019 Investment Review
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 Equities enjoyed positive returns in October. The Dow Jones Industrial Average rose 0.5%, the S&P 500 climbed 2.9% and the Nasdaq increased 3.7% for the month. Positive trends in employment and consumer spending have stabilized economic growth in the U.S., alleviating fears of a recession and driving the gains. Having increased by $1 trillion […]

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Investment Review – October 2019

October 11, 2019 Investment Review
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For the month of September, the Dow gained 2%, the S&P advanced 1.7% and the Nasdaq added 0.5%. For the quarter, the Dow and the S&P 500 both rose 1.2%, but the Nasdaq fell 0.1%. Mid-sized companies had a very strong month with a 3.1% increase. Broad based European indices performed slightly better than US, with a […]

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Investment Review – September 2019

September 19, 2019 Investment Review
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The major U.S. stock indexes declined in August. The Dow Jones Industrial Average fell by 1.7 percent, the S&P 500 was down 1.8 percent and the Nasdaq Composite finished the month down 2.6 percent. Treasury yields accelerated their three-month decline as uncertainty caused investors to seek safe havens. The 10-year Treasury yield fell to 1.5 percent, […]

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