EQM Capital Blog

EQM Capital LLC 3Q 2020 Market Review – Looking Ahead to a Post-Pandemic Future

Posted by on Oct 4, 2020 in EQM Capital Blog

Source Adobe Images Despite a rocky September, U.S. stocks ended the third quarter on a high note, posting a second consecutive quarterly gain of 8.9%, leaving the S&P 500 Total Return Index up 5.6% for the year.  Small cap stocks also rallied 4.9% in Q3, but lag large cap peers YTD, remaining down 8.7% for the year. Markets have been resilient despite the maelstrom of uncertainty surrounding the COVID-19 pandemic, economic stimulus, and the upcoming election.  Market Headwinds The global pandemic death toll stands at 1 million worldwide.  Our own President has fallen...

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EQM Capital LLC 2Q 2020 Market Review – “V” Doesn’t Mean Victory

Posted by on Jul 4, 2020 in EQM Capital Blog

“V” for Victory? The U.S. stock market capped its best quarter since 1998, almost completely reversing the market’s worst quarter since the financial crisis when COVID-19 propelled the economy into a screeching halt. In a “V-shaped” recovery, the S&P 500 Index rebounded nearly 20% in the second quarter, ignited by a mass infusion of Federal aid and interest rates pinned near zero. The tech-heavy NASDAQ Composite fared even better, rallying more than 30%, posting its best quarter since 1999. But we have hardly won either an economic or medical victory against the pandemic.  Millions...

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EQM Capital LLC 1Q 2020 Market Review – So Much for Predictions, Nobody Predicted This

Posted by on Apr 4, 2020 in EQM Capital Blog

I was just reviewing market predictions for 2020.  Nobody, I repeat nobody, predicted a global pandemic of unprecedented scale.  You can argue that the warning signs were out there, as China was devastated by COVID-19 and other countries started to be infected.  I even mentioned to clients to be cautious coming off a 2019 year with 30% market returns.  That prognostication was based on the systemic impact that China’s economic downturn might have on the rest of the world.  But nobody was prepared for this. No investor, no government, no country.  Could our...

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EQM Capital LLC 4Q 2019 Market Review – So Much for Predictions as 2019 Ends up a Banner Year for the U.S. Market.

Posted by on Jan 6, 2020 in EQM Capital Blog

The U.S. stock market ended 2019 with an abundance of cheer, as a Santa Claus rally propelled the stock market to the best year of market returns since 2013.  The S&P 500 finished the year up 28.9%, the NASDAQ Composite gained 35.3%, and the Dow Jones Industrial Average was up 22.3%.  Apple and Microsoft were the biggest contributors to the S&P 500’s market gains in 2019 and over the last decade as well.  While the Dow Jones lagged the other indexes, it also had its best year since 2017.  The record-shattering ride in 2019 was certainly a bumpy one. The U.S. stock...

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EQM Capital LLC 3Q 2019 Market Review – Will the Trade War Trigger Recession?

Posted by on Oct 10, 2019 in EQM Capital Blog

Market Eked Out a Positive Return Despite negative headwinds in the third quarter such as trade wars, an inverted yield curve, and now Presidential impeachment hearings, the U.S. market has held up pretty well this year, ending a tumultuous quarter with the S&P 500 Index up 1.7% and the Dow Jones Industrial Average up 1.8%.  The S&P 500 Index was up more than 20% YTD through September, but it has not exactly been smooth sailing.  Yield Curve Inversion On August 5th, the market recorded its worst loss of the year amid worries about the health of the global economy, trading...

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EQM Capital LLC 2Q 2019 Market Review – Will Slow and Steady Win the Race?

Posted by on Aug 29, 2019 in EQM Capital Blog

Markets Sold Off in May, but Rallied in June The U.S. stock market sits at record highs as the May market selloff, its worst May since 2010, gave way to a sharp market rally in the month of June.  The S&P 500 posted a strong 7.1% monthly return and is now up 18.5% for the year. Growth continues to outpace value YTD, with the S&P 500 Growth Index up 20.2% versus the 16.7% return of the S&P 500 Value Index. Large caps continue to outperform small cap peers YTD, helped by a weaker dollar, with the Russell 2000 TR Index up 17%.  Recent market gains have been fueled by...

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