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 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.
Read the Full Report

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.
Read the Full Report

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.
Read the Full Report