business Monthly Market Update- September September 04, 2020 August was a solid month for all sectors...but what will September bring? How will the pending COVID-19 vaccine and upcoming election impact markets? As the world continues to feel the impact of the coronavirus pandemic, the markets are persevering. August was a solid month for all sectors, with stocks up 60% since March. What’s in store for September and what impact can we expect from vaccines, the upcoming election and more? Here’s a sneak peek into our September Market Update. August highlights The S&P 500 recorded its best August since 1986The Dow Jones Industrials recorded its best since 1984All sectors – with the still-marked exception of fossil fuel-based energy – did just fine. Even the laggard banks, both large and small, tacked on a 5+% gain.Economic data has shown considerable improvement over the past four weeks.What’s in store for September? The race for the supposed cure-all COVID vaccines and treatments remains apace, with all sorts of pronouncements and even promises about near-term availability.We continue to cheer stocks on ‘from underneath’ with a slightly below weighting to stocks versus long-term client targets. With all forms and fashions of stocks (and certainly yours) up nearly 60% since the March 23 low, we have still been participating very strongly. 2020 election could bear some similarities to the 2000 election.Check out our September Market Update for the full update. Reach out to us with any questions.