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 May 2020
The stock market rebound continued through May. The S&P 500 was up another 4.76% and is down just over 10% from its all-time highs in mid-February. Small cap stocks also performed well, rising 6.51%. The expectation of economies reopening combined with the surge in global fiscal stimulus has investors looking past ugly current economic data, and towards potential recovery in the second half of this year.
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Market Comments:

Economy April 2020
Stocks rallied strongly in April off of deeply oversold levels at the end of the prior month. In fact, the S&P 500 had its best month in decades, rising 12.82%. Technology shares did even better, up 15.49%. Both indices are technically no longer in bear market territory after having retraced a significant portion of earlier declines. While economic data has been expectedly poor, investors received more clarity on various fiscal and monetary stimulus measures both in the U.S. and around the world.
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Market Comments:

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.
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