October 2020 Economic Dashboard

The U.S. Bureau of Economic Analysis released third quarter Gross Domestic Product (GDP) results on October 29th, showing the economy staged a strong rebound. In the third quarter, GDP rose at a seasonally adjusted annual rate of 33.1%, following the second quarter decline of 31.4%. Annual conversions of quarterly figures magnify changes. The below chart… Read More »

September 2020 Economic Dashboard

As September came to a close, we are now 6 months from the bear market bottom of March 23rd. The market looks vastly different today than it did one year ago, but the S&P 500 is up 8.2% for the 1-year period ending on September 23rd. This compares favorably to the average returns over the… Read More »

August 2020 Economic Dashboard

The S&P 500 closed August up 7%, pushing the index above its pre-COVID high set in February. Market momentum continued to accelerate from prior strength. Technology stocks and large-cap stocks continued to lead the market, maintaining the 2020 trend. However, in a positive sign for the broader market and economy, some more economically cyclical sectors… Read More »

July 2020 Economic Dashboard

July was a very strong month for nearly all assets, including stocks. The S&P 500 rose 5% as interest rates continued to decline and the US dollar had its weakest month since 2010. Lower rates and a lower dollar should be positives for the economy going forward by stimulating investment and bolstering US exporters. A… Read More »

June 2020 Economic Dashboard

The second quarter of 2020 happily contrasted to the first quarter, which experienced one of the worst declines in stock market history. Record fiscal and monetary stimulus accompanied by improving coronavirus-related news served as powerful tailwinds for the market. The Federal Reserve has stated a willingness to respond aggressively should the economy struggle to recover…. Read More »