Global equity markets pulled back at month-end as heightened virus fears drove uncertainty. Energy sector stocks saw a reversal from ongoing appreciation throughout the year, yet still, stand as the top-performing sector of the S&P 500 Index. Uncertainty in global growth tends to influence commodities and energy, in turn driving volatility higher.
Domestic equities have been trending higher relative to international equities where certain regions are seeing negative year-to-date returns. Earnings for U.S.-based companies continue to show expansion even with lingering supply and production issues.
Some market analysts believe that inflation will abate over the next few months with a continuation of loose monetary policy, which is expected to bode well for equity markets.
Sources: Bloomberg, S&P
Disclaimer: The information published herein is provided for informational purposes only, and does not constitute an offer, solicitation, or recommendation to sell or an offer to buy securities, investment products, or investment advisory services. All information, views, opinions, and estimates are subject to change or correction without notice. Nothing contained herein constitutes financial, legal, tax, or other advice. The appropriateness of an investment or strategy will depend on an investor’s circumstances and objectives. Please consult your advisor about what is best for you.