2024 Mid-Year Market Review
Portfolio Considerations Given that US equity markets are at all-time highs led by technology, it is time to start re-balancing to undervalued sectors like Utilities, Consumer Staples, and REITs. Economy and Earnings Growth The famed investor Stanley Druckenmiller once said, “that the only good economist I’ve found is the stock market”. There are a lot […]
2023 3rd Quarter Market Review
After a rally in July, the S&P 500 turned lower registering a negative return of -3.27% for Q3 but still positive on the year ending the third quarter at 13.06%1. Inflation has meaningfully slowed since the June 2022 multi decade high of 9.1%1 Any hopes of a sustained rally on cooling inflation in the third […]
Q1 2023 Market Summary
MARKET PERFORMANCE After a year of historic double-digit losses in both equities and fixed income in 2022, stocks and bonds delivered positive returns in the first quarter of 2023. The S&P 500 Index returned 7.50% and the Bloomberg U.S. Aggregate Bond Index returned 2.96%, a solid start for both benchmarks. Growth stocks, led primarily by […]
