Daily market analysis
8.12.20 | 1:04 p.m. CT
Market update:
The S&P 500 is up 1.5% at 3,383.87 in midday trading Wednesday as Technology stocks rebound from yesterday's dip. We retain our “glass half-full” outlook, bolstered by benign inflation and low interest rates, ongoing monetary and fiscal stimulus policies, medical progress on COVID-19 and favorable price trendlines.
Our take:
We recommend normal strategic allocations across stocks, bonds and real estate. We also emphasize a preference for U.S. over international equities. Technology and Healthcare are among our preferred longer-term sectors. Diversified portfolios should maintain bond exposure near long-term strategic targets with a tilt toward higher-quality credits. Investment-grade corporate and municipal bond yields compared to Treasuries remain elevated and appear attractive.
Latest market updates
7.29.20
Fed leaves interest rates unchanged; reaffirms policy support
The U.S. Federal Reserve (Fed) did not alter its interest rate policy and said that the economy's path forward depends on COVID-19. Get our investment strategists' take on today's Fed announcement.
7.23.20
Why is the stock market up when the economy is down?
While stock prices have staged a striking rebound since March, the pace of recovery for the U.S. economy remains slow.
6.11.20
Stock market drops as coronavirus cases increase
Stocks fell today on new concerns over COVID-19. Our investment strategists consider the impact on markets.
6.5.20
U.S. Bank Capital Market Update: Has economic recovery begun?
While we remain positive and optimistic about the investment landscape, we encourage clients to stay centered on their financial plan.
5.28.20
Stocks rally on hopes of economy reopening
Stocks have rallied this week on optimism about the economy reopening and people getting back to work — despite deep unemployment and falling productivity numbers across the U.S. economy due to the impact of COVID-19.
4.29.20
Paycheck Protection Program update
Congress has authorized additional funding to the Small Business Association for the Paycheck Protection Program (PPP), which is part of the CARES Act, is a federal loan program that can help eligible small and medium-sized businesses impacted by the coronavirus.
4.3.20
Financial relief under the CARES Act
The Coronavirus Aid, Relief and Economic Security (CARES) Act provides a variety of ways to help your financial position in a period where the economy is dealing with a wide range of unprecedented challenges.
Thoughts from our Chief Investment Officer
“These are difficult times, but throughout this period we have found that clients who are grounded in a financial plan – tailored to their unique circumstances – can withstand market volatility within a constant news cycle.”
- Eric Freedman, Chief Investment Officer, U.S. Bank Wealth Management
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