September Slump Cools Investor Expectations: Fund Flows in Q3 2020

While the COVID-19 pandemic drove both equity and fixed income lower in the first quarter of 2020, a broad recovery took hold in the second and third quarters. Similarly, mutual fund flows continue to move toward bonds in record numbers. The chart below shows that through the end of Q3 2020, the S&P 500 Total … Continued

Where Are Investors Placing Recovery Bets? Reviewing Fund Flows in Q2 2020

In the first quarter of 2020, the covid-19 pandemic impacted both equity and fixed income markets, with the S&P 500 Total Return (^SPXTR) down 19.6% and the Bloomberg Barclays US Aggregate (^BBUSATR) 3.2% higher through the end of Q1. However, it’s been a different narrative since the market bottomed-out in the final weeks of March. … Continued

Economic Update — Reviewing Q1 2020

The first quarter of 2020 was one for the record books. Major indices set all-time-highs in mid-February and extended an already historic bull market into 2020 before the spread of COVID-19 sent equity markets into a nosedive. Since then, investors have seen some of the best and worst single days in market history as investors … Continued