Perspectives
 

Market news

New Market Update

8.10.20
Market analysis

Employment data for July showed a gain of 1.8 million jobs in the U.S., while the unemployment rate improved from 11.1% to 10.2%.

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How to invest as the economy moves toward recovery

There’s been tremendous fluctuations in both the global economy and capital markets over the last several months. How should you invest now? Chief Investment Officer Eric Freedman of U.S. Bank Wealth Management discusses a number of factors to consider as U.S. businesses start to reopen and the economy begins to slowly recover.

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.

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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.

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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.

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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.

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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.

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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.

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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.

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U.S. Bank in the news

8.11.20 | USA TODAY | Article

S&P 500 nears record on renewed stimulus bets, vaccine hopes

“We remain cautiously optimistic about the economy’s reopening progress. In the next few weeks and months, the impact of policy – the latest stimulus bill, school reopenings and the November election – will likely play an outsized role in the markets,” Terry Sandven, chief equity strategist at U.S. Bank Wealth Management, said in a note.

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8.7.20 | NY Times | Article

U.S.-Listed Chinese stocks fall as Trump takes aim at WeChat, TikTok

"[There's] some very specific companies and policies mentioned and that appears to be a proverbial line in the sand," said Eric Freedman, chief investment officer at U.S. Bank Wealth Management in Minneapolis.

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7.28.20 | AP News | Article

Late slump pulls Wall Street lower; gold sets another record

“Most investors are looking through 2021 calendar year earnings, as opposed to paying too much attention to the rest of this year,” Eric Freedman, chief investment officer at U.S. Bank Wealth Management.

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Quarterly Investment Outlook

Third Quarter 2020 Investment outlook

Markets are rebounding, thanks to significant policy support initiated to combat the global recession caused by COVID-19 pandemic shutdowns. The coming quarters are critical to evaluate how companies, countries and regions are emerging from these recent challenges. Strong market performance in the second quarter implies investors anticipate some progress, while continued central bank support of low borrowing costs should support ongoing recovery.

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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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