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Investment Commentaries: 3rd Quarter 2020

Index Returns 3rd Quarter Year to Date Trailing 12 Months
S&P 500 US Large Cap Index 8.9% 5.6% 15.1%
Russell 2000 Small Cap Stock Index 4.9% -8.7% 0.4%
MSCI All Country World Stock Index 6.3% -5.4% 3.0%
Barclays Capital Aggregate Bond Index 0.6% 6.8% 7.0%
US Core Consumer Price Index - (Inflation) 1.2% 1.2% 1.7%

**All figures as of 9/30/20 unless otherwise noted.

Markets remained resilient during the 3rd quarter of 2020, with major stock indexes increasing across the board while bond markets worked to hold onto gains made in the first half of the year. Looking forward, the issues we discussed in last quarter's commentary (the election, Coronavirus, and fiscal & monetary policy) remain front­-of-mind; perhaps none more than the election. As we move into the final 3 months of 2020, we examine the current state of markets and the economy heading into election day…

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Matt Morley