Market Commentary

Q3, 2020

Summary

  • COVID-19 remains a critical health issue that is creating an uneven recovery across the U.S. economy and capital markets.

  • The Federal Reserve, Treasury, and federal government are making policy decisions that are dictating crucial capital flows, creating an abundance for some and a dearth for others.

  • Even though equity valuations remain high and bonds yields low, a renewed commitment by monetary and fiscal policymakers will continue to flood the markets and economy with money, which should continue to support markets, but there will be winners and losers.

Download PDF

Subscribe to our Insights

Share

Download Print Friendly PDF