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Feast or Famine - Q3 2020 Summary


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After two radically different and extreme quarters to start the year, returns settled down in the third quarter to post gains that resembled a more normal, albeit optimistic, environment. The S&P 500 Index, a proxy for U.S. stocks, rose by 9% while a broad measure of taxable fixed income securities, the Bloomberg Barclays U.S. Aggregate Bond Index, gained 0.6%. Year to date, the S&P 500 is up 6%.


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All investments and strategies have the potential for profit or loss. Different types of investments involve higher and lower levels of risk. There is no guarantee that a specific investment or strategy will be suitable or profitable for an investor's portfolio. Asset allocation and diversification will not necessarily improve an investor's returns and cannot eliminate the risk of investment losses.

FMI Financial, Ltd. is an Investment Adviser registered in Illinois and Texas and able to offer advisory services there and in other states by exemption.

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