Markets Surge Past Uncertainty
November brought a new surge in COVID-19 caseloads and the possibility of further government shutdowns (at this writing, on December 3rd, a new stay-at-home order went into effect in California).1
The Multitude of Highs and Lows
As of this writing, the election is on the verge of being called. However, despite the ongoing uncertainty, the markets have surged in recent days.
Taking a step back, the S&P 500 fell for a second straight month in October, paring back more of the year’s gains. Major contributors to the month’s volatility included dwindling prospects for a second round of fiscal stimulus, growing worry about rising COVID-19 cases, and of course the election.1 Read more
A Bump in Volatility and Questions Ahead
Stocks moved lower in September as a five-month market winning streak came to an end. The downturn was led by a selloff in technology stocks, which have paced the S&P 500’s recent recovery from its March 2020 low.
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