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SECOND QUARTER 2020 REVIEW Thumbnail

SECOND QUARTER 2020 REVIEW

The first half of 2020 was one of the strangest, most unpredictable starts to a year anyone has ever experienced—no matter what generation you are from. The pandemic triggered a black swan economic event, where for the first time in history, the entire global economy was forcibly shut down. Stocks immediately repriced the risk of a major economic downturn, but prices have also snapped back quickly with extraordinary stimulus measures and gradual economic reopening. The S&P 500 posted its best quarter (+20.5%) in over 20 years, bringing its year-to-date total return to -0.88%1.

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FIRST QUARTER 2020 REVIEW Thumbnail

FIRST QUARTER 2020 REVIEW

As we mentioned in our fourth quarter 2019 review, our biggest economic concerns to start the new year were geopolitical conflict with Iran and a messy run-up to the 2020 presidential election.

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