TIMELY MARKET UPDATES

From the Desk of the PM: Elation and Reality… Breaking Down the Vaccine News and Market Reaction
Mid-November saw stocks surge on the Pfizer vaccine story. Yet there remain some cold, hard facts.

Special Update From BCM Portfolio Manager: Coronavirus and Current Market Conditions
The emergence of COVID-19 and its rapid spread have sparked an exceptional market meltdown and a fundamental restructuring of our daily lives. In this uncertain time, we wanted to provide you with a special video update from BCM’s Portfolio Manager and Managing Partner on the coronavirus and current market conditions.

Changes to the Aggregate Bond Index that Advisors Should Know About: Part Two
Last week, we shared some facts about the Bloomberg Barclays Aggregate Bond Index (BBAB). Outside of the BBAB, there are a few more items that you may want to know about in the corporate bond landscape that may also surprise you and your clients.

From the Desk of the PM – Update on Market Selloff and and Coronavirus Fears
With the sudden drop in the global equity markets, we thought it might be helpful to remind everyone about where we have been, where we are now, and share some helpful source information.
Before we discuss the virus, let’s go back and remind everyone that U.S. large cap stocks, after demonstrating a decade of leadership, may have gotten ahead of themselves from a valuation standpoint.

From the Desk of the PM – Sector Changes
I have spent the last five weeks travelling around the country visiting advisors and clients, and speaking at events. At each meeting, I ask my audience if they are aware that the S&P 500® Index is about to undergo the largest reconfiguration in its history. So far, the resounding answer has been “no” so we thought it was important proactively help educate about this significant change with another memo From the Desk of the PM!

Changes to the Aggregate Bond Index that Advisors Should Know About: Part One
In 2018, the Bloomberg Barclays Aggregate Bond Index (BBAB) eked out a whopping 0.01% return and thus preserved a rather remarkable streak of only having one negative year since 1999. What’s new in the evolving construct of the BBAB index, and do you know the risks that are creeping into the bond markets?

From the Desk of the PM
It looks like some of the issues we have been concerned about, namely rising interest rates and the trade war, have finally caught up to us. In addition, there have been some high profile missed earnings, bombs being mailed to prominent figures, BREXIT, and Italy’s budget crisis. Discourse at home and abroad is not helping. The result has been that October has been difficult to endure.

From the Desk of the PM – Update on Current Market Conditions
Yesterday saw the major U.S. stock bourses suffer the worst losses since February. Today, they followed suit. While it may be hard to ignore the financial press’s headlines, we would like to remind everyone of a few pieces of information that should allow most angst to subside.

Why the Upcoming GICS Sector Shakeup Matters
Tomorrow, September 28th, the S&P is making some big changes to the sectors of the S&P 500® Index. These changes will have an impact on the overall market and will also impact how Beaumont Capital Management (BCM) strategies will track the overall market.