August 19, 2020—After a historically volatile first half, the S&P 500 is back in positive territory, up roughly 5% for the year, but gains have been far from equally distributed. The top five companies by market cap, or FAAMG (Facebook, Amazon, Apple, Microsoft, and Google), are up 48%,1 while the bottom 495 have yet to break even.
August 15, 2020—So, is this rally different? Four of our investment team experts blanketed media channels this week to answer that question, zeroing in on the strength of the support from pillars of the economy, as well as the prospects for the next round of COVID-19 congressional stimulus relief.
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.