Propelled by large cap growth stocks, the S&P 500 reached an all-time high on September 2. New economic data exceeded expectations, and COVID-19 cases were falling in the U.S. Yet stocks soon declined, driven by a correction in large cap tech stocks. Equities still closed the quarter in positive territory, with the S&P returning 9% this quarter and 6% year-to-date. H ...
Market Perspectives
Q3 2020: "A Fragile Recovery"
By
John McCrary