Updates, Tips, & Finance News

Summary
-Worldwide market selloff
-COVID cases breaking records
-New fund in Private Client portfolios


Hi there—here is this week's update!

Markets Affected Worldwide

Source: Bloomberg

COVID cases are spiking around the world, causing lockdowns throughout Europe and a worldwide market sell-off.

While European stocks weren’t as rewarded as US stocks, we are seeing a worldwide sell-off right now.

The U.S.

Source: Womply & Opportunity Insights

There are a lot of variables affecting the US economy and markets currently.

We are seeing record levels of daily new COVID cases, a record number of businesses shutting down, and new lockdowns throughout the world.

GDP figures were released last week, which popped. However, we were at such depressed levels that almost any increase would be substantial. While this news can be taken as a good sign at face value, it’s important to realize that the US economy is still in a worse place than it was during the financial crisis.

On top of all of this, investors are worried about a contested presidential election. If the election is contested, we’re expecting there to be a delayed stimulus and additional economic instability. This would not bode well for the markets.

Summary

We believe that there will be continued volatility over the next few weeks, and if lockdowns continue throughout Europe and in the US, we may see this sustained for some time.

We also wanted to highlight a new fund introduced to Round Private Client portfolios: The Blackstone Alternative Multi-Strategy Fund. Click here to see our investment memo on the fund.

See you next week,
-Saul & The Round Team

Link: https://docsend.com/view/z8iy9wzq5ep3688z


Have $100,000 or more to invest? You may qualify for Round Private Client. Contact our team at privateclient@investround.com.


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