Market Analysis

Q4 RECAP

Q3 QUARTER’S RECAP

• U.S. economic growth slows in the face of Delta variant headwind
• Europe’s economic outlook remains positive
• Stocks retreat from record highs; confront a bevy of challenges

This Month’s Recap

Q2 QUARTER’S RECAP

This Month’s Recap

• Stocks traded in a narrow range as technology and other high-valuation companies were under selling pressure
• Emerging inflation dampened investor optimism and weighed on the stock market
• A pick-up in vaccination efforts in Europe led to broad global gains

This Month’s Recap

• Decreasing COVID-19 infections and evidence of economic recovery lifted stocks
• Rising Yields fuels sector rotation
• U.S. Dollar appreciated over 2% year-to-date

U.S. Markets

2020 RECAP

• The pandemic sends the economy and financial markets reeling
• Congress passes $2 trillion economic stimulus bill
• The global economy stumbles, but adopt several important trade agreements
• Vaccines emerge as the stock market ends the year at record levels

This Month’s Recap

• Stocks move higher thanks to month-long succession of positive news events
• An effective COVID–19 vaccine may be just around the corner
• Markets welcome the prospect of divided government 

U.S. Markets

This Month’s Recap:

• Equity markets drift lower in October
• Congress failed to deliver a second COVID relief bill
• Global COVID-19 cases rise, contributing to market pressures

U.S. Markets

Q3 QUARTERLY RECAP

• Stocks post further 2020 gains in Q3, despite a modest pull back in September
• Economy claws back adding 1.3m jobs in Aug and single digit unemployment rate
• Federal Reserve announces a shift in approach to inflation while keeping rates at historic lows