Welcome to the first installment of our monthly newsletter, Moran Monthly Digest. Our team is very excited to launch this new publication, and we hope it will keep you abreast of happenings around the practice. In each newsletter you will find commentary and news from our team, as well as a calendar of upcoming events. After a whirlwind of a year in 2020, we are relieved to feel a sense of normalcy once more. Our offices have now reopened full time, and we are hosting in-office meetings and seminars. Although Zoom was an undeniably useful tool, I have greatly missed seeing all of you and eagerly look forward to reconnecting in person.
Despite the turmoil of the past year, I personally found several silver linings. First, and most importantly, it brought my family together for the longest stretch of time since my children were in high school. My eldest son Kevin—who is earning his PhD in Entomology in Ottawa, Canada—has been down in Florida since Thanksgiving. He is heading back to Canada shortly, and his presence will be missed. Second, while our team worked remotely, we took the opportunity to completely renovate our offices and seminar rooms. We hope you will visit soon so you can see the improvements for yourself. Finally, the pandemic gave us time to focus on our website. We have been regularly updating our “Financial Knowledge Base” section. I think that you will find the resources there very insightful to your investment education.
As always, please let us know if you have any questions or if we can be helpful in any way. I wish you all the best summer and safe travels should you have any upcoming trips. Thank you for your continued support of Moran Wealth Management. It is our pleasure and privilege to serve you, and we appreciate the trust that you have placed in us.
MONTHLY MARKET COMMENTARY
After an incredible rebound coming out of the COVID-19 induced recession, it is still hard to believe the S&P 500 finished up 18% for 2020. 2021, however, is giving 2020 a run for its money. In the first four months alone, we’ve seen a new bull market with returns of almost 12%.
The S&P 500 stars of 2020 were driven by technology and “stay-at-home” stocks. By contrast, this year’s bull market is being driven by pro-cyclical and pandemic reopening stocks that benefit the most from strong economic growth; the very same stocks that were absolutely hammered last year. Energy is up over 35% and Financials are up 24%, and industries such as airlines, car manufacturers, hotels, homebuilders, retail stores, and commodity producers are booming. Many people are scratching their heads and wondering why and more importantly, will it continue?
Let’s start with why…
To continue reading, please download the full Moran Monthly Digest here.