December 2020

November 2020 - Market Flash

November marked one of the best monthly gains for the S&P 500 in recent memory, as investors cheered the positive vaccine news released by both Pfizer and Moderna, while embracing the U.S. election outcome. This resulted in a gain of 10.95% for the benchmark equity index, its second highest monthly gain since 1991, exceeded only by April of this year. This positive momentum carried over into non-U.S. markets as well, where developed equities advanced by 15.50% and emerging markets stocks gained 9.25%, both in U.S. dollar terms. U.S.