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OneAscent Market Update: Q3 2020

Written by OneAscent on July 21, 2020. Posted in Investment Management, Video Webinars.

The first half of 2020 has been marked by the global COVID-19 pandemic still going on around the world. The U.S. election season is fast approaching and will add its own unique set of potential challenges and opportunities for investors. During this webinar you will hear insights on the current market outlook, the role of international equities, and an update on OneAscent's positioning and performance.

Weekly Investment Update July 20, 2020

Written by OneAscent on July 20, 2020. Posted in Investment Updates.

US equity markets, as measured by the S&P 500 index, rose 1.3% last week. Investors have been optimistic about the progress toward economic reopening across the US despite several hotspots around the country with significantly increasing COVID-19 cases.

Weekly Investment Update: July 13, 2020

Written by OneAscent on July 13, 2020. Posted in Investment Updates, Weekly Investment Updates.

US equity markets advanced last week with the Dow Jones Industrial Average, the S&P 500, and the NASDAQ returning 1.0%, 1.8%, and 4.0%, respectively. The markets were potentially aided by renewed discussion in Washington of an additional round of fiscal stimulus.

Monthly Investment Update: July 2020

Written by OneAscent on July 6, 2020. Posted in Investment Updates, Monthly Investment Updates.

The first half of 2020 has seen many unprecedented events, both in terms of the impact on society from the COVID-19 pandemic as well as the resulting extreme movements in risk assets. The year began on a relatively optimistic tone as US equity markets marched toward all-time highs in February, aided by tailwinds from stable economic conditions, an accommodative Federal Reserve, and substantive progress on the US-China trade dispute.

Weekly Investment Update: June 29, 2020

Written by OneAscent on June 29, 2020. Posted in Investment Updates, Weekly Investment Updates.

Equity markets declined last week with the S&P 500 losing nearly three percent as evidence of increasing cases of the COVID-19 virus in parts of the United States. The increased cases caused concern that the economy may not be able to rebound as quickly as might have been implied by the stock market recovery that began in late March.

Weekly Investment Update: June 22, 2020

Written by OneAscent on June 22, 2020. Posted in Investment Updates, Weekly Investment Updates.

Equity markets advanced last week with the S&P 500 returning nearly two percent as investors tracked data on the gradual reopening of the US economy that continued to be “less bad”. For example, despite initial unemployment claims being above one million for the 13th week in a row, the initial claims continue to decline week-over-week, and those with continuing claims have been modestly declining as well since mid-May, though the number remains above 20 million Americans.

Weekly Investment Update: June 15, 2020

Written by OneAscent on June 15, 2020. Posted in Investment Updates, Weekly Investment Updates.

US equity markets, as measured by the S&P 500 index, declined 5% last week as fears of the potential for a “second wave” of COVID-19 cases increased. Most of the decline for the week occurred on Thursday when the S&P 500 was down nearly 6% from the previous session; it was the worst day for the index since March.

Weekly Investment Update: June 8, 2020

Written by OneAscent on June 8, 2020. Posted in Investment Updates, Weekly Investment Updates.

Markets continued to rally last week, marking one of the best weeks in years as the S&P 500 index rose nearly 5%. However, the productive period for equity markets was overshadowed in a week that may otherwise be remembered for mass protests across the country sparked by the death of George Floyd.

Monthly Investment Update: June 2020

Written by OneAscent on June 3, 2020. Posted in Investment Updates, Monthly Investment Updates.

May marked another month in the recovery of risk asset prices following the declines in February and March. Investors continued to be optimistic regarding the potential for a COVID-19 vaccine as well as the resumption in economic activity as stay-at-home orders and business closures were relaxed. Despite the unprecedented decline in the US economy that is still unfolding, US equities, as measured by the S&P 500 index, rose 4.8% during the month and are now down just 5.0% for 2020 and 10.1% below their all-time closing high of 3,386 set on February 19.

Weekly Investment Update: May 26, 2020

Written by OneAscent on May 26, 2020. Posted in Investment Updates, Weekly Investment Updates.

US equities, as measured by the S&P 500 index, advanced nearly 1% last week heading into Memorial Day weekend. Investors continue to grow optimistic regarding the potential for a COVID-19 vaccine as well as the resumption in economic activity as stay-at-home orders and business closures are relaxed. Despite the unprecedented decline in the US economy that is still unfolding, the S&P 500 index is only down 8% for the year and 13% from its all-time closing high of 3,386 set on February 19.