We've come a long way since the onset of the Covid-19 crisis and resultant market meltdown in Q1—the S&P 500® Index has erased its losses for the year and the Nasdaq has hit new all-time highs—but we're far from out of the woods. Unemployment is at historic highs and new waves of infection have lead to many slowed down, "paused," or even reversed economic reopenings across the country. The pandemic's effects were deeply felt in Q2 and are likely to continue well into the future. Click below to hear BCM Lead Portfolio Manager Dave Haviland provide a review of the second quarter and what you should be keeping an eye on as we move forward:
You can also read our written 2Q20 Market Commentary by the BCM Portfolio Management team here.
If you're looking for a strategy that can help provide a degree of defense during market downturns—without sacrificing a focus on growth—contact one of our regional consultants.
Disclosure: The charts and info-graphics contained in this blog are typically based on data obtained from 3rd parties and are believed to be accurate. The commentary included is the opinion of the author and subject to change at any time. Any reference to specific securities or investments are for illustrative purposes only and are not intended as investment advice nor are a recommendation to take any action. Individual securities mentioned may be held in client accounts.