Quarterly Commentary

Q4 l 2020

MARKET COMMENTARY

Despite the uncertainty of the US Presidential election, risk assets rallied sharply during the fourth quarter of 2020. Across domestic indices, the S&P 500, Dow Jones Industrial, and Nasdaq Composite rose 12%, 10.7%, and 15.7% respectively in the quarter. International and emerging markets performed even better with the MSCI world and MSCI emerging markets indices rising 14% and 19.6% respectively.

Read more »

 

Q3 | 2020

MARKET COMMENTARY

Stocks broadly advanced in the third quarter of 2020. The S&P 500, Dow Jones Industrial, and Nasdaq Composite gained 8.9%, 8.2% and 11.2% respectively during the period ending September 30th. Global markets advanced as well with the MSCI Emerging Market Index rising 9.6% and the MSCI World advancing 8.1%.

Read more »

 

Q2 | 2020

EQUITY COMMENTARY

The second quarter of 2020 produced historic gains for the broad stock indices. The Dow Jones Industrial Index rose 18.5% during the quarter, the largest quarterly gain since 1987 while the Nasdaq rose 30.9% for its largest quarterly advance since 1999. S&P 500 closed the quarter up 20.5% for its best quarter since 1998.

Read more »

 
FIXED INCOME COMMENTARY

US treasury yields were largely unchanged in 2Q of 2020. Yields from the 1-month tenor to the 2-year tenor hovered around 12-15bps. The 10-year UST yield stayed constant at 0.66%, while the yield on the 30-year UST rose 9bps to 1.41%. The Bloomberg Barclays Aggregate Bond index appreciated 2.9% in the second quarter. US High

Read more »

1 2 3 4
This material contains the current opinions of Family Management Corporation and its affiliates (collectively, "FMC"), which may change without notice. This material is distributed for information al purposes only. It is not a recommendation or offer of any investment or strategy. Nothing herein shall be considered a solicitation to buy or sell, or an offer to buy or sell, to or from any persons in any jurisdiction where such solicitation, offer, purchase, or sale would be unlawful. Information contained herein has been obtained from sources believed to be reliable, but are not guaranteed. FMC provides no guarantees regarding the performance of any investment or strategy. Investing entails risks, including possible loss of principal. Past performance is no guarantee of future performance and individual client results will vary. No part of this material may be reproduced in any form, or referred to in any publication, without the express written permission of FMC.