July 21, 2020 | Newsletters
A. Second Quarter Review
Well, that was historic. The fastest 30% plus drawdown in the history of global equities in the first quarter followed by the largest 50-day advance in market history in the second quarter. The S&P 500 which peaked at 3,393 in late February bounced off a low of 2,192 in late March only to be back above 3,100 on June 3! The technology laden Nasdaq, after dropping 30% from a record high of 9,817 on February 19th to 6,860 on March 23rd hit a new all-time high on June 10 and just keeps moving higher!
Read the rest of the newsletter by downloading the PDF below.