2nd Quarter 2023 Market Commentary
The 16.9% year-to-date return of the S&P 500 was one of the strongest starts in market history and re-couped most of the losses from last
The 16.9% year-to-date return of the S&P 500 was one of the strongest starts in market history and re-couped most of the losses from last
Equity markets shrugged off the turmoil in the banking sector, with the S&P 500 returning 4.2% for the month of March and 7.5% for the
Global equity markets ended with a modest fourth quarter rally that reduced the pain somewhat, but still resulted in the worst calendar year performance since
The quarter began with an 11% gain for the S&P 500, but the rally quickly faded, leaving stock and bond markets to plumb new lows
With a -20.0% return during the first half of the year, the S&P 500 officially met the somewhat arbitrary criteria for a bear market. An
During a volatile start to 2022, investment strategies that outperformed during the last few years struggled in a market where energy and mining stocks provided
The news of the omicron variant roiled financial markets during the fourth quarter, resulting in losses for energy and other cyclical sectors that had rallied
In 2008 there had still been a note of hesitancy about central-bank interventions. In 2020, that was gone. The full implications of the opening of
The only function of economic forecasting is to make astrology look respectable. – John Kenneth Galbraith The economic recovery continued to gain momentum and drive
What investment can we find which offers real fixity or certainty of income? …the man or woman who invests in bonds is speculating in the