Market Update for July 2020
July saw equity markets continue their recovery, with some even turning positive for the year.
July saw equity markets continue their recovery, with some even turning positive for the year.
March was the worst month for global stock markets since the 2008-09 financial crisis. Bonds were down a little, while oil halved (!) in price as COVID-19 shutdowns decimated the demand for oil.
February was a down month for nearly all equity market indexes as the corona virus continued to spread around the world.
December was a good month for most equity markets, while one of the best performing asset classes in 2019, REITs, took a breather.
October was another good month for stocks, while one of the best performing asset classes, REITs, took a breather.
September is the worst month on average for stocks, but this September was a good one with equity markets performing well. Bonds were down slightly and REITs again performed well.
August was a down month for most equity markets, however Canadian stocks were one of the few positives. Meanwhile bonds and REITs performed well.
July was a quiet but positive month for most equity markets. The US Federal Reserve cut interest rates for the first time in over a decade which rattled markets at the end of the month.