monthly and quarterly summaries
The Linscomb & Williams Investment team generates both monthly and quarterly summaries that provide an overview of the market’s performance. Click the links below to read a more detailed report.
Economy March 2020
The coronavirus outbreak, and the ensuing broad economic shutdown, sent global stocks plunging last month. The S&P officially entered bear market territory, down over 20% from its highs in February. In response, the Federal Reserve cut interest rates to 0% and restarted an unlimited quantitative easing program. The federal government also passed a $2.2 trillion dollar aid package in order to tide over businesses and individuals who will inevitably lose their jobs.Read the Full Report
Economy January 2020
Though stocks started off the year hot, they sputtered late in January, as the coronavirus outbreak in China weighed on investor sentiment. The S&P500 ended the month down 0.04%. Emerging market assets, which tended to be more directly exposed to the potential consequences of the virus, were off 4.66%. The global economy appears to be growing steadily, though, and the effects of similar health scares historically have been transitory.Read the Full Report
Economy December 2019
A strong December capped off a great year for global stock markets in 2019. The S&P 500 finished at +31.49%, its best year since 2013. Technology shares led the way, with a better than 50% increase. Earnings are likely to show little growth, though, so it appears investors are pricing in a better profits picture in 2020. Outside of the U.S., international and emerging market equities also fared well, rising 22.01% and 18.42%, respectively.Read the Full Report