Quarterly Review – Second Quarter 2020

First, we hope you and your family are happy, healthy and enjoying some return to normal life. We have all come very far since the onset of the pandemic and our collective strength and resolve to continue safe habits will see us through.

Capital markets rebounded strongly in the second quarter after the historical decline in the first quarter. The S&P 500 was up approximately 20.5% yet was still outdone by U.S. mid and small-cap index returns that exceeded those levels. Similar to the last few years, growth-style investing for the year-to-date period easily exceeded the returns of value-style investing: the Russell 1000 growth index returned 9.8% YTD, compared to -3.1% and -16.3% for the S&P 500 and the Russell 1000 Value Index, respectively. Non-U.S. developed markets were up approximately 15.5% for the quarter while emerging markets returned 18.2%. Within fixed income markets, the Bloomberg Barclays US Aggregate Bond Index was up 2.9% for the quarter, elevating its YTD return to 6.1% through June. Bonds have been a safe haven and a strong performer over the past year, generating a total return of 8.7% compared to the S&P’s return of 7.5%.

 To read our full 2nd Quarter Review, please access the report below.

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2020-10-22T13:23:28+00:00

About the Author:

Robert Davis is a Partner and the Chief Investment Officer of Round Table Wealth Management. Read Robert's Biography >