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October 2020

Quarterly Market Outlook

By Quarterly Update

Greg Carr, Oct 7, 2020

Quote for the Day: “I would rather sit on a pumpkin, and have it all to myself, than be crowded on a velvet cushion.” – Henry David Thoreau.

Summary: Disconnect from Reality

Despite a struggling economy and a looming presidential election, the U.S. stock market hit new highs in early Sept. in what seemed to be a “disconnect from reality.” As expected, however, it has recently pulled back from these highs. There is still significant weakness in the U.S economy, and uncertainty with the virus and the presidential election, making volatility likely in the final quarter of the year. Read More