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10-15 Associates is an independent, fee-only SEC-registered investment advisor firm serving the tri-state area. Our clients come to us for asset management, but they get so much more. For over 30 years, we’ve been helping people make life-changing transitions with their wealth.

 

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NEWSAND INSIGHTS

Not a Sleepy Summer for Financial Markets

U.S. stocks closed mostly lower on the last trading day of August, but Wall Street recorded its strongest August returns in decades as vaccine hopes kept investors pushing equities to fresh highs. The 7.57% gain in the Dow for the month, fell just short of closing in positive territory for the year. The S&P 500 pushed farther into positive territory, adding 7.01% for the month, and the Nasdaq gained more than 9% for a total gain for the year of 31.24%.

The Good, The Bad and The Ugly

The month of July was a bit turbulent, with mixed headlines and renewed fears of the virus. When it was all over, markets tacked on more gains.  The Dow was up 2.38% for the month, the S&P 500 gained 5.51%, and the Nasdaq charged higher, gaining another 6.825%. Gains were not exclusive to stocks as yields plummeted, taking 10 Year Treasury lower, declining a total of 19.49% for the month and pushing bond prices higher once again.

The “Grand” Reopening

The month of June could be characterized by a few words… from a market perspective I would say disconnect, from an economic data point of view, surprise would be top of mind, and from a virus outlook, disappointing would sum it up well. To put this all together, it is no wonder the average household is feeling confused and dazed trying to figure out what life looks like for their families over the next several months.

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