Dear friends of Arcus Capital Partners,
We hope this letter finds you in good health during this extraordinary time. The third quarter ended with an uptick in volatility, but most asset classes managed to finish in the green. The global economy continued to rebound; however, many data points remain below their pre-COVID levels. On a positive note, global stocks pushed higher during the quarter, and several domestic indexes made new all-time highs. Interest rates stayed anchored near historically low levels due to large-scale monetary stimulus measures and demand from yield-seeking investors. Lastly, commodities rallied but came under pressure during September. Overall, the final three months of 2020 will likely keep investors on their toes, but the current set up appears favorable for stocks and other risk assets.