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 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.
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Market Comments:

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.
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Market Comments:

Economy November 2019
Stocks march higher in November, as better-than-expected earnings and thawing trade tensions put investors in a better mood. The S&P 500 hit a new all-time high late in the month, and is up 27.63% for the year. Interest rates generally rose and yield curves steepened, with the Federal Reserve signaling that it is unlikely to cut interest rates further in the near future.
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