Investment Review – October 2020

October 14, 2020 Investment Review
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 U.S. stocks lost ground in September. The S&P 500 was down -3.8%, the Nasdaq fell -5.1%, and the Down Jones Industrial average dropped -2.2%. Large cap technology stocks were the hardest hit in the decline, losing -5.4%. Technology stocks have outperformed in 2020, benefiting from business models that have escaped pandemic disruption and record low […]

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Investment Review – September 2020

September 8, 2020 Investment Review
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 The major U.S. stock indices moved higher in August. The Dow Jones Industrial Average increased by 7.57%, the S&P 500 was up 7.01%, and the Nasdaq Composite advanced 9.59%. The S&P 500 surpassed its previous pre-pandemic high of 3386.15 reached in February 19. The index rose to a new record high of 3508.01 on […]

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Investment Review – August 2020

August 10, 2020 Investment Review
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 The major U.S. stock indices improved in July. The Dow Jones Industrial Average increased by 2.38%, the S&P 500 was up 5.51%, and the Nasdaq Composite advanced 6.82%. The U.S. Dollar Index declined sharply by 4.15% in July. The Index measures the value of the U.S. dollar versus six major foreign currencies. A weaker […]

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Investment Review – July 2020

July 8, 2020 Investment Review
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 U.S. stocks advanced in June as progress on reopening, payroll gains, and assurances that the Fed would keep rates low for the foreseeable future fueled investor optimism. For the month, the S&P 500 was up 2.0%, the Nasdaq rose 6.1%, and the Dow gained 1.8%. The New York Times dubbed the stock market’s Q2 […]

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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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