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 December 2020
Stocks ended the year on a high note, as positive momentum following multiple optimistic coronavirus vaccine reports carried on through December. The S&P 500 rose 3.84% for the month, bringing its gain up to 18.40%. The Russell 2000 Small Cap Index capped off an historic quarter, in which it rose 31.37%. Interests rates had been little changed for most of the second half of 2020, but began to trend higher later in December.
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Market Comments:

Economy November 2020
There was a lot for investors to like in November. Though not finalized, election results suggest a likely dividend government, which has historically been positive for financial markets. Following that, we received two doses of good news over the following weeks, with both Pfizer and Moderna releasing vaccine efficacy results that surpassed most expectations. Together these events provided the catalyst for the best month for U.S. stocks since 1987, with the S&P 500 rising 10.95% in November. Not to be outdone, international stocks fared even better, gaining 15.50%.
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Market Comments:

Economy September 2020
After a historic run off of March’s low, stocks finally took a bit of a breather in September. The S&P 500 briefly traded more than 10% off of its recent high, meeting the technical definition of a market correction. Investors have been expecting a follow up fiscal stimulus package out of Washington, and while its likely one eventually gets passed, the timing seems to have been pushed further into the future.
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