Weekly Investment Update: May 26, 2020

US equities, as measured by the S&P 500 index, advanced nearly 1% last week heading into Memorial Day weekend. Investors continue to grow optimistic regarding the potential for a COVID-19 vaccine as well as the resumption in economic activity as stay-at-home orders and business closures are relaxed. Despite the unprecedented decline in the US economy that is still unfolding, the S&P 500 index is only down 8% for the year and 13% from its all-time closing high of 3,386 set on February 19.

Continue reading

Weekly Investment Update: May 18, 2020

US equity markets declined slightly more than 2% last week as investors monitor the gradual process for individual states to reopen their economies.  The S&P 500 index has trended sideways for the last month, remaining rangebound between approximately 2,800 and 2,900 after advancing roughly 30% through April 17 from the recent low marked on March 23. 

Continue reading

Weekly Investment Update: May 11, 2020

US equity markets advanced more than 3% last week as investors eyed signs of hope that the recession caused by the COVID-19 virus may be short-lived. Despite a dismal April employment report and large year-over-year declines in first quarter corporate earnings, signs of new treatments for the virus and plans for reopening businesses buoyed market sentiment.

Continue reading

Monthly Investment Update: May 2020

After a difficult first quarter of 2020 for investors, April provided a much-needed reprieve as markets rallied sharply. US large cap equities, as measured by the S&P 500 index, had their best month in decades returning nearly 13%. Investors appeared optimistic that the significant stimulus provided by governments and central banks, lower energy prices, and evidence of potential new treatments for the COVID-19 virus could result in a swift recovery.

Continue reading

OneAscent Market Update: Q2 2020

Nervous about the impact COVID-19 is having on your investments? During this quarterly market update, you will hear from Bob Doll, CFA®, of Nuveen Asset Management on his market outlook, Dolores Bamford, CFA®, of Eventide Asset Management as our manager spotlight, and a member of the OneAscent Investment Committee on current portfolio positioning.

Continue reading

CARES Act: Executive Summary Webinar

This special webinar provides an executive summary of the CARES Act (Coronavirus Aid, Relief, and Economic Security Act). This recently passed 880-page bill provides $2.3T of fiscal stimulus that will be important for individual taxpayers, retirees, and small business owners. Watch for the key highlights you need to take advantage of!

Continue reading

An Independent Firm of OneAscent Financial

Copyright © 2021 Tevebaugh & Associates