- TMC
Market Review: 9/11/20
Updated: Sep 18, 2020
For the Week Ending September 11, 2020
By: Steven Doll, Portfolio Strategist
The U.S. large-cap stock market dropped over 3.5% this week amid a sell-off in highflying tech stocks, while U.S. small-cap stocks dropped less than 3.0%. International markets were less effected by this sell-off with emerging markets only falling approximately 2.3% and developed markets rising about 0.5%.
Interest rates also moved lower this week, with the 10-year treasury yield falling from 0.72% to 0.67% and the 2-year treasury yield from 0.14% to 0.13%. However, the total U.S. bond market, which typically has an inverse relationship with interest rates, managed to drop by roughly 0.4%.
The price of gold rose 1.5% to $1950 an ounce as a depreciating U.S. dollar bolsters the metal. Meanwhile the price of crude dropped nearly 6.5% with concerns over demand and OPEC’s production compliance.
Year-to Date Return (as of 09/11/2020)
