Q2 2020 MARKET REVIEW

Almost as quickly as the market dropped in Q1, the market had a strong rebound in Q2. Though it hasn’t yet reached its prior highs, it covered a lot of lost ground very quickly, especially considering the elevated amount of uncertainty surrounding us. To illustrate just how volatile the stock market has been this year, below are numbers for the CBOE Volatility Index (VIX), which measures volatility for the S&P 500, the higher the number the higher the volatility.

CBOE Volatility Index (VIX)

Year                 Average          High

2020                32.8                 82.69

2019                15.39               25.45

2018                16.64               37.32

2017                11.09               16.04

2016                15.83               28.14

In Q2 the US market was up over 22%, international markets were up over 15% and emerging market gained over 18%. Despite low interest rates and a rallying stock market, bonds also made money with domestic bonds up almost 3% and international bonds up close to 2%.

For a detailed Market Overview, click here. 

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