Commentary

Weekly Investment Strategy

Whether you’re celebrating in-person or virtually, we’re wishing you and your family a Happy Thanksgiving! Giving thanks may seem difficult to do in a year that’s resulted in the loss of so many lives, jobs, and businesses, but we believe this holiday is the perfect time to reflect on all we are grateful for.

Commentary

Weekly Market Snapshot

Election results (a divided Washington) and good news on a potential vaccine boosted share prices, although there were some concerns about surging COVID-19 cases (163,402 reported on November 12) and possible difficulties in distributing the vaccine.

Commentary

Stocks Push Even Higher on News of Promising Vaccine Trial

With a likely split-Congress outcome lowering the chances of substantial policy shifts, investors are refocusing on supportive fundamentals and the recovering economy. Raymond James CIO Larry Adam offers his perspective.

Commentary

The October Employment Report

Recent data reports have been consistent with a further rebound in economic activity, but we still have a long way to get back to where we were before the pandemic and the pace of improvement has moderated.

Commentary

Despite COVID-19 Uncertainty, Good News for Earnings and GDP

The market through October continued to make the case for a steady approach to investing, especially as this is a historically volatile time – the months surrounding a U.S. presidential election – amid a historic, complicated year.

Commentary

Weekly Investment Strategy

Your voice, your vote! With only four days remaining until Election Day, more than 84 million voters have already voiced their choice—over 61% of the total turnout of the 2016 election.

Commentary

Rough Day for Stocks as COVID-19 Cases Surge, Election Looms

The S&P 500 posted its worst daily decline since late September but didn’t entirely erode October gains.

Commentary

Weekly Investment Strategy

It’s the final countdown! Between the flared debate tensions and President Trump testing positive for COVID-19 on the campaign trail, the 2020 presidential election has arguably been one of the most contested and unique battles for the presidency in history.

Commentary

Known and Unknown Unknowns

There are a number of uncertainties heading into the November 4 election and many more as we look ahead into 2021. There’s a long held belief that the stock market abhors uncertainty. There’s also an old adage that says the market often climbs a wall of worry.

Commentary

Weekly Investment Strategy

Key Takeaways

  • Not all industries ‘reaping the benefits’ of the recovery
  • 3Q20 earnings season may ‘plant the seeds’ for 2021
  • ‘Don’t bet the farm’ on yields moving substantially higher
Commentary

Adaption

By now, it should be clear that COVID-19 is not going to go away anytime soon. Consumers and businesses are getting used to living and working under the pandemic and some changes, such as the tendency to work from home, will likely be long-lasting. The economy is always evolving. However, rapid changes can be destabilizing. There will be a number of challenges in the new year.

Commentary

Weekly Investment Strategy

The initial efforts by policy makers positioned the economy for a robust rebound off the depressed levels, but there are still many moving pieces in order for the economy to return to pre-COVID levels.

Commentary

The Mixed Impact of the Pandemic

Job losses in the early stages of the pandemic were more concentrated among low-wage workers. About half of those jobs have come back. For high-wage workers, who have been more able to work from home, job losses were less severe and have rebounded much better.

Commentary

Weekly Investment Strategy

Key Takeaways

  • Voters may focus on COVID-19 concerns instead of economic
  • Digital platforms may be used to capture new voters
  • Congress may be closer to a stimulus compromise
Commentary

The September Employment Report

Nonfarm payrolls continued to recover in September, although the pace of improvement has slowed and we are unlikely to return to February levels until the pandemic is well behind us. The impact of COVID-19 has been uneven, with job losses remaining more severe in lower-paying service industries. Consumer spending has improved, though mixed across sectors. Further fiscal support will be critical for the unemployed.