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Summit Snapshot: Week Of August 24th, 2020 Periodic Returns Source: Morningstar, see ‘Disclaimer’ for sources U.S. Equity Markets The S&P 500 Index closed at new highs last week, marking the fastest recovery from a bear market in history. According to Barron’s, it took just 126 trading days for the S&P 500 Index to reclaim its prior February peak. For context, the historical average is closer to 1,500 days.  Growth outpaced value by a sizeable margin, supported
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Summit Snapshot: Week Of August 17th, 2020  Global Markets: The stimulus stalwart has not negatively impacted stocks yet as the S&P 500 rose again U.S. Equities were mostly positive for the week as the S&P 500 Index briefly moved to within 0.2% of its all-time high set in February. Stocks continued to rise despite the lack of a new stimulus agreement being put in place by Congress. A short-lived catalyst for stocks last week was
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Commentary Reports In The News Videos As businesses continue to work remotely amid the pandemic, it’s more important than ever to ensure proper cybersecurity measures are put in place. Our Director of Information Technology Steve Pfundstein recently spoke to PLANADVISER on the topic and discussed what businesses can do to protect themselves against potential cyber threats. Read More at PLANADVISER
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August 13, 2020

July 2020 Investment Report

Summit Financial Comments are off
July 2020 Investment Report Most risky assets continued their ascent in July after the strong second-quarter gains. Global equities rose as the world continues to battle with the ubiquitous COVID-19. Record levels of new confirmed cases are being reported in some parts of the world, while the United States, unfortunately, leads this category that no nation wants to lead. At the same time cases are increasing, encouraging news on the vaccine front continues to occupy
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 Summit Snapshot: Week Of August 10th, 2020  Global Markets: S&P 500 Index climbs to just over 1% from its February all-time peak  U.S. Equities logged another positive week, with the ubiquitous S&P 500 Index rising 2.5%. This put the benchmark up roughly 5% so far this year. More economically sensitive sectors generally performed the best. This included healthy gains from industrials (4.8%), financials (3.3%), and energy (3.2%). More defensive sectors, such as healthcare (0.9%) and utilities
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