The election is now less than a week away. We think the market is anticipating a Trump win and the republicans to control at least the senate. We have found it historically very difficult to predict elections and are simply reading what we think the market is expecting.
During the third quarter, the S&P 500 advanced strongly, gaining 5.5%. As anticipated, we experienced a notable pullback in August, with the market dropping over 6% from high to low, largely driven by a weaker-than-expected Employment report. The bond market, however, performed well with interest rates falling due to signs of a weakening economy. The Bloomberg Barclays U.S. Aggregate Bond Index, which measures the performance of the U.S. investment-grade bond market, increased by 5.20% for the quarter.
As you may know, our firm has deep roots in the golf community and we are very thankful for our professional relationship with the PGA Tour and its members.
As you may know, our firm has deep roots in the golf community and we are very thankful for the professional relationship with the PGA tour and it's members. For years our firm has sponsored numerous golf events on the PGA tour along with select golf professionals.
