Q2 2020 was marked by a very rapid market recovery that began March 23 and peaked June 8 before moderating and gradually continuing moving up into Q3 to new S&P500 and NASDAQ record highs. Please see the Market Review here and our Model Portfolio Performance here.
Our firm rebalanced client’s portfolios adding more to their stock funds March 11 to March 23 (the short term bottom) and then rebalanced by selling some of their stock funds on June 5 and June 8 (the short term top). These funds first bought and then sold were up about 50% over that 2 1/2 month period. The rebalance process manages risks and takes advantage of uneven market moves.