
Market Update, July, 2020 – The Folly of America…
What Did We See? U.S. Large Cap stocks, or the S&P 500 index, were up more than 5% in July. The developed markets of Japan, Europe and the U.K. were all down from about 1% to 4%. Emerging Markets and

What Did We See? U.S. Large Cap stocks, or the S&P 500 index, were up more than 5% in July. The developed markets of Japan, Europe and the U.K. were all down from about 1% to 4%. Emerging Markets and
"That’s the lesson worth sitting with more than any single data point below: being rightfully defensive during Q1 did not help you during Q2. Markets can quickly move from one regime to the next and back again."
Please read my market commentary for 2Q26!
"Markets were being held up by four factors heading into the year: solid Goldilocks economic data, AI enthusiasm, expected Fed rate cuts, and a tolerant attitude toward policy noise. All four came under pressure simultaneously in Q1."
Click to read:
Let us take a few minutes to answer them