Wealth Management Since 1971

Markets & Economy

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.

Monthly Reports

Market Comments:

Economy August 2020
Technology stocks surged higher in August, with the NASDAQ gaining 9.70%. This brings its year-to-date return to an improbable 32.07%. The more diversified S&P 500 rose a still impressive 7.19% over the past month. Federal Reserve Chair Jerome Powell signaled his intent to keep rates low as the Fed moves toward an average inflation targeting regime, in which periods of below 2% inflation can be “made up for” by letting price increases run above that level for a period of time.
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Market Comments:

Economy July 2020
Stocks marched higher in July as the global economy continued to recover and further fiscal stimulus is likely upcoming. The European Union (EU) agreed to a coronavirus recovery package worth over $1 trillion Euros in total. And, for the first time, it will be funded using debt collectively backed by all EU members. Emerging market stocks were the top performing asset class, up nearly 9%.
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Market Comments:

Economy June 2020
While the global economy is by no means out of the woods yet, stock markets continued to price in a recovery through the end of June. In fact, the S&P 500 posted its best quarterly return since 1987, rising 20.54%. Small caps fared even better, rising 25.42%. Second quarter GDP and corporate earnings are bound to look unpleasant. Some of the more-high frequency economic indicators began to show a relatively quick rebound, beginning in late May and extending through last month.
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