Last year was unlike any other, with significant historical events occurring on a monthly basis. These events had a ripple effect, and as investors know, impacted the stock market in numerous ways. Fragasso’s latest blog post addresses each month of 2020, the events that occurred, and the resulting performance, including specific market details.
The events of 2020 were unprecedented and could never have been predicted. In early January 2020, many Americans were blissfully unaware of a novel coronavirus spreading in Wuhan, China. At this time, China was aware of the ominous outlook, and as a result, equity markets began to look bleak as well. In the following months, COVID-19 spread overseas, and countries around the world started to take extreme measures to control the outbreak, including lockdowns and travel bans. By February, the S&P 500 was off by 8.27%, and MSCI EAFE was down 11%.1 As cases flattened and then peaked again; market fluctuations continued.
A pandemic wasn’t the only significant event in 2020. On May 25, George Floyd’s senseless tragedy sparked protests nationwide; although the majority were peaceful, violence and chaos broke out in some cities. Months later, in September, we witnessed the first presidential debate, which led up to the election. During all of these events, the market remained resilient.
Mere weeks into 2021, and it looks like this year will also be full of significant historical events. By reading this blog post, visitors will better understand the economic effects these events had and will continue to have in the new year. Although the past does not indicate what will happen in the future, history can serve as a guide, and Fragasso’s latest blog post highlights the relationship between these events and market performance.
Fragasso Financial Advisors is a client-focused financial planning and investment management firm. The firm has been closely monitoring these events, the financial impact and sharing them on their blog. This two-part blog puts things into perspective, thanks to the monthly play-by-play. With a straight-to-the-point approach, visitors will learn about the key events of that month, followed by the impact on the stock market, including specific figures observed during that time. Visitors can find more information on the Fragasso Financial Advisors blog. Those interested can read their 2020 review on their website at www.fragassoadvisors.com/blog/.
1 Sources, Morningstar Direct.®
Investment Advice offered by Investment Advisor Representatives through Fragasso Financial Advisors, a registered investment advisor. Securities offered by Registered Representatives through Private Client Services, member FINRA/SIPC.
Investment in the portfolios mentioned in this document may not be suitable for all investors. Past performance is not a guide for future performance and should not be the sole factor in consideration when selecting investments.
About Fragasso Financial Advisors:
Fragasso Financial Advisors, Inc. is an independent, employee-owned, primarily fee-based investment management and financial planning firm.
For more information on the series, visit https://www.fragassoadvisors.com/
Media ContactCompany Name: Fragasso Financial AdvisorsContact Person: Marsha PossetEmail: Send EmailPhone: 412-227-3206Address:610 Smithfield St., Suite 400 City: PittsburghState: PACountry: United StatesWebsite: https://www.fragassoadvisors.com/
