Every quarter, we take time to share our insights on what we see as the major themes that are moving the markets, both in equities and in bonds. The 2nd quarter featured the most powerful rally in the S&P 500 since 1998, a sharp recovery from the steep drop we saw in March. As an investor, it is natural to ask the question- given all the turmoil relating to COVID-19, why have the markets performed so well?
We invite you to read our attached commentary, which provides a rationale to explain this recovery, as well as a discussion of many of the challenges that remain. We hope you find our insights valuable, and we invite you to visit our website to discover how we help clients achieve their most important personal and financial goals.