{"id":6534,"date":"2020-10-12T13:42:58","date_gmt":"2020-10-12T18:42:58","guid":{"rendered":"https:\/\/schenkelberg.investments\/?p=6534"},"modified":"2020-10-12T13:43:11","modified_gmt":"2020-10-12T18:43:11","slug":"market-update-third-quarter-2020","status":"publish","type":"post","link":"https:\/\/schenkelberg.investments\/?p=6534","title":{"rendered":"Market Update &#8211; Third Quarter 2020"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><strong>U.S. Versus International<\/strong><\/h2>\n\n\n\n<p>The S&amp;P 500, an index of large U.S. companies, posted a total return of 8.9% for the Third Quarter of 2020, bringing performance to 5.6% year-to-date in 2020. U.S. stocks outperformed international for the quarter as measured by the iShares MSCI EAFE ETF, a representation of international stocks outside the U.S. EAFE Total return for the Third Quarter of 2020 was 4.8% and year-to-date was -7.4%.<\/p>\n\n\n\n<p>A resurgence of the virus in Europe is prompting renewed\nclosures in the area. European stocks remain well behind U.S. and Asian stocks\nfor the year. The prospects of recovery in Europe is seen as weaker than other\nareas of the world. Europe continues to slowly recover from the financial\ncrisis.&nbsp; Uncertainty surrounding the\nUnited Kingdom exit from the European Union (Brexit) also remains an overhang\non the overall economy.<\/p>\n\n\n\n<p>Global recovery from the COVID-19 shutdown continued at a\nslower pace for much of the world markets. Asian stock markets continued to\noutperform, as they appear to be moving out of the slowdown faster than other\nareas. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><a>&nbsp;<\/a><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>U.S.\nSectors<\/strong><\/h2>\n\n\n\n<p>Top performing U.S. S&amp;P 500 sectors as reported by JPMorgan for the third quarter of 2020 by total return included Technology (28.7%), Consumer Discretionary (23.4%) and Communications (8.6%). Laggards for the third quarter include Energy (-48.1%), Financials (-20.2%) and Utilities (-5.7%). <\/p>\n\n\n\n<p>Technology and Consumer Discretionary stocks continue to\nfar outpace the rest of the market. These sectors continue to benefit from\nshifting trends in the way companies do business and consumers shop. Innovators\nin cloud storage and security are seen as major benefactors of the work-from-home\ntrend. On-line shopping has tremendously benefited Amazon and other consumer\ndiscretionary stocks tied to delivery-based items.<\/p>\n\n\n\n<p>Energy has been on a sharp roller coaster ride this year.\nAfter rising 31.9% in the second quarter, sector stocks plunged 48.1% this\nquarter. Volatility is attributable to fluctuating supply\/demand forces across\nthe globe. Continued slowdown in travel industries has posed significant demand\nweakness. And an oversupply of crude oil in the face of trend changes is\nconcerning investors. Most notable was the passage of an executive order from\nthe governor of California banning the sale of gas-powered cars by 2035 in the\nstate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. Versus International The S&amp;P 500, an index of large U.S. companies, posted a total return of 8.9% for the Third Quarter of 2020, bringing performance to 5.6% year-to-date in 2020. U.S. stocks outperformed international for the quarter as measured by the iShares MSCI EAFE ETF, a representation of international stocks outside the U.S. EAFE [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[119,123],"tags":[],"class_list":["post-6534","post","type-post","status-publish","format-standard","hentry","category-market-commentary","category-market-performance"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p7kXxe-1Ho","jetpack-related-posts":[{"id":6646,"url":"https:\/\/schenkelberg.investments\/?p=6646","url_meta":{"origin":6534,"position":0},"title":"Market Update. 3rd Quarter 2022","author":"J.J. Schenkelberg, CFA","date":"October 18, 2022","format":false,"excerpt":"IndexThird Quarter 2022Year\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 To-Date 2022S&P 500-5.3%-24.8%Dow Jones Industrial Average-6.7%-21.0%Russell 2000-2.5%-25.9%\u00a0\u00a0MSCI EAFE (International Index)-10.4%-27.2%\u00a0\u00a0Barclays Aggregate Bond-4.6%-14.5% Performance Source: Koyfin U.S. Versus International The S&P 500, an index of large U.S. companies, posted a total return of -5.3% for the Third Quarter of 2022. U.S. stocks outperformed international for the quarter as\u2026","rel":"","context":"In &quot;Market Commentary&quot;","block_context":{"text":"Market Commentary","link":"https:\/\/schenkelberg.investments\/?cat=119"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6623,"url":"https:\/\/schenkelberg.investments\/?p=6623","url_meta":{"origin":6534,"position":1},"title":"Market Performance Update. First Quarter 2022","author":"J.J. Schenkelberg, CFA","date":"April 12, 2022","format":false,"excerpt":"Performance Source: Koyfin U.S. Versus International The S&P 500, an index of large U.S. companies, posted a total return of -5.0% for the First Quarter of 2022. U.S. stocks marginally outperformed international again for the quarter as measured by the iShares MSCI EAFE ETF, a representation of international stocks outside\u2026","rel":"","context":"In &quot;Market Commentary&quot;","block_context":{"text":"Market Commentary","link":"https:\/\/schenkelberg.investments\/?cat=119"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/schenkelberg.investments\/wp-content\/uploads\/2022\/04\/image-5.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":6678,"url":"https:\/\/schenkelberg.investments\/?p=6678","url_meta":{"origin":6534,"position":2},"title":"Market Update. 4th Quarter 2022","author":"J.J. Schenkelberg, CFA","date":"January 10, 2023","format":false,"excerpt":"IndexFourth Quarter 2022Year\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 To-Date 2022S&P 5007.1%-19.5%Dow Jones Industrial Average15.3%-8.8%Russell 20005.8%-21.6%\u00a0\u00a0MSCI EAFE (International Index)17.7%-14.4%\u00a0\u00a0Barclays Aggregate Bond1.6%-13.0% Performance Source: Koyfin U.S. Versus International The S&P 500, an index of large U.S. companies, posted a total return of 7.1% for the Fourth Quarter of 2022. U.S. stocks lagged international for the quarter as\u2026","rel":"","context":"In &quot;Market Commentary&quot;","block_context":{"text":"Market Commentary","link":"https:\/\/schenkelberg.investments\/?cat=119"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6496,"url":"https:\/\/schenkelberg.investments\/?p=6496","url_meta":{"origin":6534,"position":3},"title":"Market Performance Update &#8211; 4Q 2019","author":"J.J. Schenkelberg, CFA","date":"January 14, 2020","format":false,"excerpt":"U.S. Versus International The S&P 500, an index of large U.S. companies, posted a total return of 10.7% for the Fourth Quarter of 2019, and 29.7 % for the full year. U.S. stocks outperformed international for the quarter as measured by the Morgan Stanley Composite Index EAFE, a representation of\u2026","rel":"","context":"In &quot;Market Commentary&quot;","block_context":{"text":"Market Commentary","link":"https:\/\/schenkelberg.investments\/?cat=119"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6517,"url":"https:\/\/schenkelberg.investments\/?p=6517","url_meta":{"origin":6534,"position":4},"title":"Market Performance Update &#8211; 2Q 2020","author":"J.J. Schenkelberg, CFA","date":"July 9, 2020","format":false,"excerpt":"U.S. Versus International The S&P 500, an index of large U.S. companies, posted a total return of +20.0% for the Second Quarter of 2020, following -19.9% return for the First Quarter of 2020. U.S. stocks outperformed international for the quarter as measured by the iShares MSCI EAFE ETF, a representation\u2026","rel":"","context":"In &quot;Market Commentary&quot;","block_context":{"text":"Market Commentary","link":"https:\/\/schenkelberg.investments\/?cat=119"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6558,"url":"https:\/\/schenkelberg.investments\/?p=6558","url_meta":{"origin":6534,"position":5},"title":"Market Update &#8211; Second Quarter 2021","author":"J.J. Schenkelberg, CFA","date":"July 6, 2021","format":false,"excerpt":"U.S. Versus International The S&P 500, an index of large U.S. companies, posted a total return of 8.2% for the Second Quarter of 2021. This performance almost matched the first quarter for a year-to-date return of 14.4%. U.S. stocks outperformed international again for the quarter as measured by the iShares\u2026","rel":"","context":"In &quot;Market Commentary&quot;","block_context":{"text":"Market Commentary","link":"https:\/\/schenkelberg.investments\/?cat=119"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/schenkelberg.investments\/wp-content\/uploads\/2021\/07\/image.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=\/wp\/v2\/posts\/6534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6534"}],"version-history":[{"count":1,"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=\/wp\/v2\/posts\/6534\/revisions"}],"predecessor-version":[{"id":6535,"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=\/wp\/v2\/posts\/6534\/revisions\/6535"}],"wp:attachment":[{"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}