Summit Snapshot: Week Of August 3rd, 2020  Global Markets: Technology stocks again lead global indices higher in the middle of Q2 earnings season U.S. Equities were positive for the week, led by growth-oriented securities. The S&P 500 Index finished the week ahead 1.8%, although there was a high level of dispersion amongst sectors. Top-performing sectors for the week included IT (+5.0%), real estate (4.1%), and consumer discretionary (2.1%). Technology and consumer sectors benefited from strong earnings reports
Summit Snapshot: Week Of July 27th, 2020    Global Markets: Equity indices were mixed on the back of a new fiscal stimulus that is being considered U.S. Equities were mixed for the week after jobless claims increased and the coronavirus outbreak continues around the world. The S&P 500 Index briefly touched its highest level since its all-time high in February but ultimately fell by 0.3% week over week. However, it remains in positive territory for the
Commentary Reports In The News Videos Market fears persist as coronavirus cases continue to rise in the U.S. Our CEO Stan Gregor told Reuters, “The spike in COVID-19 cases across the country is raising a concern that if they continue to rise, what would it mean for the economy and potential shutdowns." Read More at Reuters
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Summit Snapshot: Week Of July 20th, 2020  Global Markets: Major equity indices were mostly positive as fresh hopes of an early vaccine surfaced U.S. Equities rose for the week as the S&P 500 Index increased by 1.3%. This was the index’s third consecutive week of gains, which had even briefly hovered around a positive return for the year. Ironically, there was also a noticeable shift from arguably expensive growth stocks into cheaper value stocks, as the
Second Quarter 2020 Investment Newsletter EXECUTIVE SUMMARY The capital markets staged an unprecedented rally during the second quarter, fueled by optimism COVID–19 would soon be defeated and massive government stimulus would sustain businesses and markets in the meantime. Sentiment turned on a dime as risk-taking returned to favor. Assets flowed into the equity and credit markets that had been shunned a few weeks earlier. All major asset classes gained ground for the quarter, with U.S.

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