Q3 2020 – Annandale Capital Quarterly Commentary

Three quarters of 2020 are behind us, yet the financial markets, our economy, and our nation remain in a flu-id situation. It would be naïve to expect otherwise. It is not often you get a pandemic-induced recession countered by unprecedented monetary and fiscal stimulus inside of a contentious election year. Despite the surrounding uncertainties, risk assets, like equities and high-yield bonds, continue to recover from their COVID-19 induced losses. And some areas of the market, like “growth” stocks, are going gangbusters. Download Q3 2020 Commentary

This material is not intended to be used as a general guide to investing, or as a source of any specific investment recommendations, and makes no implied or express recommendations. This is not an offer or solicitation with respect to the purchase or sale of any security.

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