September 2020 Monthly Market Update

September 3, 2020 in Market Updates

After the sharp drawdown in February and March, equities have posted gains for five straight months. Larger-cap U.S. stocks gained 7.2% in August and have surged 36.5% over the last five months (Vanguard 500 Index), their largest five-month gain since 1938 (using the S&P 500/Ibbotson). Smaller-cap U.S. stocks gained...