US equity markets advanced more than 3% last week as investors eyed signs of hope that the recession caused by the COVID-19 virus may be short-lived. Despite a dismal April employment report and large year-over-year declines in first quarter corporate earnings, signs of new treatments for the virus and plans for reopening businesses buoyed market sentiment.
After a difficult first quarter of 2020 for investors, April provided a much-needed reprieve as markets rallied sharply. US large cap equities, as measured by the S&P 500 index, had their best month in decades returning nearly 13%. Investors appeared optimistic that the significant stimulus provided by governments and central banks, lower energy prices, and evidence of potential new treatments for the COVID-19 virus could result in a swift recovery.
Nervous about the impact COVID-19 is having on your investments? During this quarterly market update, you will hear from Bob Doll, CFA®, of Nuveen Asset Management on his market outlook, Dolores Bamford, CFA®, of Eventide Asset Management as our manager spotlight, and a member of the OneAscent Investment Committee on current portfolio positioning.
This special webinar provides an executive summary of the CARES Act (Coronavirus Aid, Relief, and Economic Security Act). This recently passed 880-page bill provides $2.3T of fiscal stimulus that will be important for individual taxpayers, retirees, and small business owners. Watch for the key highlights you need to take advantage of!
This video assesses the coronavirus from a healthcare perspective, considers the implications of the virus on financial markets, and provides an update on how OneAscent portfolios are currently positioned to navigate the uncertainty.