Quick Summer Blurb

As the summer comes to an end here is a quick update on what we have seen recently:

After a spectacular bounce back 2nd Quarter, investment markets added additional gains in July.

Staying invested has paid off nicely.

The Fed has done an outstanding job of providing liquidity throughout this crisis. It has, in our view, raised the floor on where a negative shock could take the markets, thereby reducing risk.

The markets have performed better than we expected since March, but we don’t see runaway exuberance. Especially if an effective vaccine becomes widely available, global stock still provide opportunity. With the higher floor established and risk lessened, we think you should ride out any corrections or pull backs that may occur.