Weekly Investment Update September 28, 2020

US equity markets, as measured by the S&P 500 index, were fairly flat (down 0.6%) again for a third straight week as the flow of economic data was relatively light. This week, investors will receive the September employment report on Friday, which will provide a glimpse into the pace of rehiring as the economic impact from the COVID-19 pandemic continues to impact the US.

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The Road Ahead Revisited

Nearly five months ago, in mid-March, we shared our views on navigating the investment implications of the COVID-19 pandemic in a piece titled The Road Ahead. At the time, New York City was becoming the global virus epicenter and its health system was struggling to cope.

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Monthly Investment Update: August 2020

Risk assets rose sharply in July as investors digested US economic and corporate earnings data for the second quarter 2020 and tracked the progress of a potential new stimulus bill from Washington. The S&P 500 returned 5.6% during the month, led by the consumer discretionary sector, which is now significantly composed of e-commerce companies like Amazon, which returned 9.0% during the month.

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