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 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.Read the Full Report
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.Read the Full Report
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%.Read the Full Report