What’s working continues to work.
Following the best quarterly gain since 1998, stocks continued to defy skeptics in July as global equities and the S&P 500 each rose more than 5%.
From an investment perspective, 2020 has been one of those years where it may not have helped much to have been given the news headlines ahead of time.
“Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria” is a quote attributed to legendary investor, Sir John Templeton.
After the sharpest decline from a record high to a bear market, stocks continued to roar back in April.
The COVID-19 impact on human life, the economy, and markets remains substantial. Many lives have been turned upside down.