Special Situations Newsletter: July 2020

  • July 4, 2020
Happy 4th of July to my American friends. The U.S. stock market continued to rise in June, albeit at a slower pace than the month before, with the S&P 500 registering a gain of 1.8% and the Russell 2000 registering a gain of 3.4%. The disconnect between Wall Street and Main Street appears to be driven by the actions of the Fed that continues to prop up the market. Ground realities of surging COVID-19 cases across multiple states and the potential of further lockdowns are being overlooked in this momentum driven market. Please check out the full newsletter from the attached PDF.  

Only plus or premium subscribers can access this post. Subscribe today.