It’s been a heck of the month for the stock market. The SPY (the symbol that tracks the S&P 500) has been down…*checks notes*…a total of THREE whole days this month. That is serious strength. But naturally, the higher the market flies, the more worried some people get about holding onto their gains. I’d like to think it’s because of our expert instruction over the years, but it’s possible it just has more to do with innate human nature. Regardless, with little to worry about in terms of price and portfolio values, people naturally gravitate to the next glaring uncertainty: the 2020 election.
Also, it’s been quite a month for me personally (my wife got COVID…don’t worry, she’s on the mend), and I’m currently in the process of teaching a five and eight year old how to 1) sit still 2) work a Chromebook and 3) be patient. From my basement quarantine, it’s going about as well as you might imagine.
So, for this month’s blog post, I have decided to cheat a bit. Mike Antonelli of Baird Private Wealth Management has already done the homework and I would simply ask you to click on the link below.
We hope everyone is staying safe and healthy, and hopefully look forward to a strong end of the quarter in September.
-Adam