News & Economic Updates
August 2020
It appears we are back, at least for now!
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With a strong start to this month (and an “up” market today as we write), the stock markets have essentially recovered the huge losses that they experienced early this year.

This months’ GRAnderson Wealth Economic Update lays out the July numbers that helped get us to where we are, including a 6.8% gain in the Nasdaq and a 5.5% gain in the S&P.
All the market analysts have enjoyed describing this process as a “claw back,” and that’s what it is. And that’s typically how the market has worked over the decades. If your portfolio has NOT “clawed back,” consider calling us to discuss the situation. In the meantime, please click here and enjoy reading this month’s GRAnderson Wealth Economic Update.
Greetings!

If this is your first exposure to the GRAnderson Wealth Monthly Update -- welcome! We hope you receive a valuable amount of information that will help with your investment decisions!

Sincerely,
Gregory Anderson
Founder and CEO
Earnings reports are contributing to market strength
One of the factors driving the value of stocks right now is the relatively surprising good news in companies’ earnings reports. See the GRAnderson Wealth Monthly Economic Update for details. Most notably, with more than half of S&P 500 companies reporting their earnings in July, 84 percent exceeded analysts’ expectations. 
What we're watching at GRAnderson Wealth
The price of precious metals has attracted considerable attention recently. Gold set a record and climbed above $2,000 an ounce, due mostly to the continued decline in interest rates and the general concerns about the global economy. We have our doubts about how much it can continue to climb over the short term; but of course our advisors are focused on the long-term. So if you are interested in exploring whether gold and other precious metals are an appropriate investment for you, and you’re just not sure how to go about it, give us a call.

It is a “given” that we also continue to watch the prognosis for an end to the COVID-19 pandemic; and a couple of other things to watch include the run-up to the U.S. elections, plus the course of our Gross Domestic Product (down an annualized 32.9% in the second quarter!). But we are definitely watching those precious metals.
Reminder about online stock market forum
We will discuss the special circumstances that are driving today’s stock market during an online conference with clients and their friends. In case you missed the previous notice, the conference will begin at 9 a.m. on Wednesday, Aug. 12, and you can join by clicking on this Zoom link (no special app required!). Alternatively, call 346-248-7799. The meeting ID is 813 5233 4001, and the passcode is 874361. With the information you pick up from this conference, we hope you will feel more confident about your investment decisions in the wake of this pandemic crisis. Let us know via email if you are interested in attending.