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Outlook The quarter began with the S&P 500 returning 7.0% for the month of October. November began positive, but a mid‐month reversal saw the index fall ‐0.7% for the month. Then, in what has become a normal seesaw fashion, the market reversed again in December, rising 4.5% and capping off … Read more »
Outlook The quarter began strong with the continuation of the torrid market rally that began last spring. July posted a positive return for the S&P 500 of 2.4%. August followed with an even stronger 3.0% gain. September, however, saw the first decline for the index since January with a decline … Read more »
Outlook The second quarter continued the terrific rally that began over a year ago. As COVID-19 cases and deaths continue to plummet, the reopening of the economy and rapid return to normal shows no signs of slowing. For the year, the S&P 500 has gained 15.3%, adding to last year’s … Read more »
Outlook The first quarter saw the market continue its recovery rally from the March 2020 lows, although the pace was more moderate than in the fourth quarter. January saw an early rally fade and retreat, with a monthly loss of –1.0%. In February and March, the market found its footing … Read more »
Outlook The fourth quarter accelerated the market rebound that began in the spring, even as the COVID‐19 crisis worsened and we held one of the most contentious Presidential elections in recent history. For the year, the S&P 500 increased an impressive 18.4%. A fantastic performance in any year, but especially … Read more »
With Election Day fast approaching, we want to remind our clients again that while there may be some volatile trading around the election, it’s anybody’s guess what will happen and what the market will do in the short-run. 2020 has been a year to remember and what a year it’s … Read more »
The third quarter saw the market continue its recovery rally off of the March lows, although the pace was more moderate than in the second quarter. July and August posted sizable gains with the S&P 500 rising 5.6% and 7.2% respectively, which brought the index to a new all‐time high. … Read more »
Last week the S&P 500 surpassed its previous record high, set in February, almost exactly six months ago. This high was just before the coronavirus crisis began in earnest here in the United States. The rebound from the March lows makes this year’s selloff the shortest bear market in history. … Read more »
As most of you know, Horizon Wealth Advisors is a fee-only, fiduciary advisor in Houston, so I am “talking my book” as they say. I think that whether you choose a fiduciary advisor or not, it is important to understand the meaning of the term “fiduciary” and what responsibilities a … Read more »
Market Recap For the quarter, U.S. stocks rose sharply, with the S&P 500 gaining 20.5%. International stocks also advanced, with the MSCI EAFE climbing 14.9%. Bonds also increased, with the Bloomberg Barclays Aggregate Bond Index rising 2.9%. Outlook We began the second quarter in the midst of an economic catastrophe … Read more »
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