COVID-19 UPDATE: We are committed to serving you during these uncertain times. Our staff is available via phone, email and virtual meetings during normal business hours. If you have any questions, please reach out to your RCG advisor or call 407‑422‑0252.
To say that equity markets had a challenging start to 2020 would be an understatement. The record highs reached in mid-February by the S&P 500 seem like a distant memory after the 30% drop in March – the quickest decline from a new high ever recorded.
Although we are in uncharted waters, remember that we’ve been in unfamiliar territory many times before. Markets have always recovered, and each time they have moved on to all-time highs. We strongly believe this time will be no different.
As a valued client, your peace of mind is of utmost importance to us. With regular updates about COVID-19 in the news and increasing reports of confirmed cases, we want to stay vigilant and proactive in our communications with you.
The coronavirus COVID-19 continues to spread and many people are apprehensive about possible disruptions to consumer spending, supply chains, and manufacturing.
As a whole, 2019 was a strong year for risk assets. Domestic equities led the way, with the S&P returning 31.49% for the year.
Year to date, global equity market returns remain strong, but returns were mixed for the third quarter.
Global equity markets were positive for the second quarter. Domestic equities (as measured by the S&P 500) returned 4.30%, International equities (as measured by the MSCI EAFE Index) returned 3.68%, and Emerging Markets (as measured by the MSCI Emerging Markets Index) returned 0.61%.
Global equity markets were positive across the board for the first quarter, with Real Estate Investment Trusts (as measured by the Wilshire REIT Index) being the best performing asset class.
What should you make of recent ups and downs in the stock market? Here’s helpful context on volatility and expected returns.
US markets had a positive second quarter, with the S&P 500 returning 3.43% and the Russell 2000 returning 7.75%. International developed markets declined 1.24% and Emerging Markets declined 7.96%.