
Market Update, August, 2020 – The Risk of Risk…
What Did We See? U.S. Large Cap stocks, or the S&P 500 index, were up more than 7% in August The developed markets of Japan was up more than 8%. Europe and the U.K. were up from about 2% to

What Did We See? U.S. Large Cap stocks, or the S&P 500 index, were up more than 7% in August The developed markets of Japan was up more than 8%. Europe and the U.K. were up from about 2% to

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, rose about 20% during Q2. The developed markets of Japan, Europe and the UK were all up between about 11% to 15%. Emerging Markets and Asia (Ex-Japan)

What Did We See? U.S. Large Cap stocks, or the S&P 500 index, were up almost 5% in May. The developed markets of Japan, Europe and the U.K. were all up from about 3% to 7%. Emerging Markets and Asia

What Did We See? U.S. Large Cap stocks, or the S&P 500 index, was up more than 12% in April. The developed markets of Japan, Europe and the UK were all up from about 4% to 6%. Emerging Markets and

What Did We See? U.S. Large Cap stocks, or the S&P 500 index, fell about 20% during Q1 The developed markets of Japan, Europe and the UK were all down about 17% to 25%. Emerging Markets and Asia (Ex-Japan) were

What Did We See? U.S. Large Cap stocks, or the S&P 500 index, was down more than 8% in February. The developed markets of Japan, Europe and the UK were all down from about 8% to 10%. Emerging Markets and

What Did We See? U.S. Large Cap stocks, or the S&P 500 index, were flat in January. The developed markets of Japan, Europe and the UK were all down from about 1% to 3%. Emerging Markets and Asia (Ex-Japan) were

What Did We See? U.S. Large Cap stocks, or the S&P 500 index, surged more than 28% in 2019 and almost double digits in Q4. The developed markets of Japan, Europe and the UK were all up over about 18%.

As we come towards the end of 2019, we would like to take the time to ensure all of our readers are implementing the right strategies to reduce their tax bill or avoid penalties. As always, please consult with your
"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."
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