United States

Rally continued, but pace slowed


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Expectations that U.S. policymakers would complement ultra-accommodative monetary policy with additional fiscal stimulus extended the rebound in global risk assets through August. Large-cap technology stocks led the U.S. rally again with notable returns from Apple (+18.7 percent) and Amazon (+10.8 percent), lifting the S&P 500 Index 7.2 percent in August.

Although small-cap stocks trailed their large-cap counterparts, the Russell 2000 Index ended 5.6 percent higher. While growth continued to lead value stocks within domestic equities, small-cap value stocks led the rally within international developed stocks and lifted the MSCI EAFE Index 5.1 percent. The MSCI Emerging Market Index rallied 2.2 percent, led by a 4.4 percent return on Chinese equities, and ended August in positive territory year to date.

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Wealth Management Services Disclosure
Information in this document was prepared by DiMeo Schneider & Associates, L.L.C. and although information in this document has been obtained from sources believed to be reliable, RSM US Wealth Management LLC, DiMeo Schneider & Associates, L.L.C. and their respective affiliates do not guarantee its accuracy, completeness or reliability and are not responsible or liable for any direct, indirect or consequential losses from its use. Any such information may be incomplete or condensed and is subject to change without notice. The Frontier EngineerTM is a registered trademark of DiMeo Schneider & Associates, L.L.C.

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