September 25, 2020—As the election approaches, the question surfacing more and more in our discussions with clients and other investors is what the outcome will mean for markets. The very nature of this question suggests a somewhat straightforward answer. The reality is anything but.
August 13, 2020—The stock market has crossed another critical threshold on Wednesday, with the S&P 500 breaching the prior all-time high on an intraday basis. While we think the market momentum is likely to continue, we maintain a somewhat cautious stance going forward.U.S. equities have recovered their pandemic losses on a surge of optimism around vaccines, monetary and fiscal stimulus, and a V-shaped recovery.
July 24, 2020—As the global COVID-19 crisis continues into the second half of the year, we have learned quite a bit about the virus, but many questions remain around the path forward for the global economy and financial markets. We have adjusted portfolios over recent months to better position clients for a challenging road ahead.