TIFF Welcomes Robert Durden and Katie Koch to Our Board of Directors
3rd Quarter 2020 CIO Commentary

On Walls and Worries

As we prepared this quarterly piece, capital markets, especially U.S. equity markets, have fully recovered – and then some – from the disastrous 1Q & 2Q economic consequences of Covid-19. U.S. stock prices move up a little bit on most days despite continuing unsettling virus statistics, intense protests, and extreme political bickering over almost everything. With the polarizing 2020 presidential election now just 5 weeks away, Americans cannot seem to agree on much of anything, except that they should buy stocks, mostly U.S. growth stocks.

Please Download the PDF to read the entire 3Q2020 CIO Commentary.  You can also access the Gavekal Research article we reference in the commentary by clicking on the following link Don’t Waste Time Analyzing The US Election.

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