By: Wade Austin
February may be short on days (its last trading day was the 26th), but markets were not lacking for drama this February.
Stocks rode their post-election momentum into 2021 until a late bout of intense volatility during the last week of January erased the S&P 500 gains for the month.
2020 will be a year we wish we could forget but never will.
Equity markets worldwide experienced a “melt up” in November.
In October, uncertainties and drama associated with the election, pandemic, and fiscal stimulus negotiations weighed on markets.
Riding a red-hot streak of five consecutive monthly gains, stocks finally cooled in September.
Following July’s strong performance and entering a softer stretch of the calendar, many assumed equity markets would take a breather in August.
Initially propelled by an expectation smashing 4.8M June jobs gained report and sustained by the announcement of several promising phase III clinical trials for Covid-19 vaccines, equity markets continued their remarkably persistent rally in July.
2Q 2020 felt like the longest, slowest three months for many, but in capital markets, everything moved at warp speed.