Market Review: 8/21/20

By Steven Doll, Portfolio Strategist

Market volatility diminished this week with little change across the global market. U.S. large-cap stocks rose approximately 0.8%, while U.S. small-cap stocks fell by 1.5%. Overseas, developed market stocks fell approximately 0.6% while emerging market stocks rose by roughly 0.6%.

The total U.S. bond market edged 0.5% higher as interest rates move lower on news that weekly initial unemployment climbed back above the 1 million mark. Currently the 10-year treasury yield sits at 0.64% while the 2-year treasury yield sits at 0.14%.

The rise in initial claims and fall in interest rates also had the price of gold move a modest 0.5% higher to $1,945 an ounce. The price of crude oil was virtually unchanged on the week as $42.25 a barrel as demand continues to falter.

Year-to Date Return (as of 08/21/2020)


Recent Posts

See All

Understanding the Housing Boom

By: Jake Willms, Quantitative Analyst One of the most surprising things to me this year has been the continued surge within the housing market. Sales of new homes in the U.S. have advanced again in Au

The Politics of Investing

By: Andrew J. Willms, President and CEO of The Milwaukee Company In this week’s podcast, which you can find HERE, Mike and I talked about the myriad of political issues that are influencing the stock

Good Company for Your Investments™

Phone: (262) 238-6980

Fax: (262) 238-6999

414 N Main St, Thiensville, WI 53092, USA

  • YouTube
  • Spotify

©2020 by The Milwaukee Company