Investment Review – September 2020

September 8, 2020 Investment Review

  1. 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%.

  2. 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 August 28, a rise of 57% from this year’s low on March 23.

  3. The spread between the S&P 500 Index dividend yield and 10-year Treasury hit an all-time high. Increasing inflation expectations and negative real rates are pressuring bond demand.

Key Investment Statistics September 2020

Sources: Bloomberg LLC, FactSet, U.S. Department of Labor

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