2020 Second Quarter Review & Outlook

July 21, 2020
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2020 Second Quarter Review & Outlook

 ■ Market Review

 Equities

 Following the first quarter's market plunge from all-time highs, the U.S. stock market rebounded in the second quarter on the hopes of a return to normalcy from an economic shutdown caused by the COVID-19 virus. After falling more than 34% peak to trough in the first quarter, the S&P 500 Index remarkably rebounded 20.5% in the second quarter, and was down just 3.1% for the year at the end of June.

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