Second Quarter 2020 – “Rebound”

Second Quarter 2020 – “Rebound”

Recovering from their first-quarter selloff, equity markets bounced back and ended the quarter with the S&P 500, MSCI EAFE, and MSCI EM indices posting gains of 20.5%, 14.9%, and 18.1%, respectively. A potent combination of record-breaking fiscal and monetary stimulus, re-openings, relatively positive data points on economic activity, and progress on COVID-19 treatments contributed to positive investor sentiment and fueled the markets’ ascent.