Global equity markets had a volatile fourth quarter, but when the final Wall Street-bell rang in the New Year, global markets recorded very decent numbers, as the good returns from the first and third month sandwiched a less than stellar second month.
We’ve all heard the saying that inflation is a hidden tax. But depending on which state you live in, it should simply be called a tax – because that’s what it is.
Global equity markets had a mixed third quarter, but when the final Wall Street-bell chimed on September 30th, global markets had not moved very much, despite the final month of the quarter turning in dismal results.
Global equity markets had a choppy second quarter, but when the final Wall Street-bell chimed on June 30th, global markets had turned in solid performance numbers on their way to new record highs.
The themes that drove the markets were positive economic data, talk of another stimulus package and the first COVID vaccines being distributed around the world. Yes, there was more election noise throughout the month, but that played less of a role versus the month before.
The third quarter of 2020 was Global equity markets continued their rebound from earlier this year, despite struggling in the final month of the quarter. Among the S&P 500, 70% of stocks had gains in the third quarter. And of the 30 companies in the DJIA, 24 of the 30 were positive this quarter too.