MARKET COMMENTARY Q2 of 2020 | Custom Wealth Management



John Enright & Dan Bennett of Custom Wealth Management in Syracuse, NY give a detailed market breakdown of Q2 in 2020, plus an outlook on what may be to come.

As of Friday, July 24th 127 stocks in the S&P 500 Index, or 40% of the benchmark’s earnings, had reported their second quarter’s earnings. Where previously beating earnings were rewarded and misses were punished, in this new pandemic market investors seem unphased either way. In some cases, companies who have reported good results have seen their stock prices decline, while others who have reported poor results have seen their stock prices climb higher. Some companies have given up altogether on providing guidance for what to expect next quarter. This has made fundamental analysis of individual stocks somewhat complicated, placing even more emphasis on macroeconomic analysis.

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