Investment Newsletter Third Quarter 2024

Broadening... Equity markets quickly recovered from an ~8% decline in early August to finish the quarter at a new all-time high. In sharp contrast to the previous quarter, Q3 performance results were well distributed across market sectors and capitalization ranges. The market capitalization weighted S&P 500 Index, which is heavily influenced by the concentration to[...] Continue reading

Investment Market Commentary for Q2 2024

The S&P 500 Index advanced by 4.3% in the second quarter. The market cap weighted S&P was well supported by the strong performance and high weightings of the mega-cap technology stocks as “AI” – Artificial Intelligence enthusiasm dominated the market narrative. However, in stark contrast to the previous two quarters, market breadth and participation[...] Continue reading

Investment Newsletter First Quarter 2024

Shake it off... U.S. equities rallied for a second straight quarter. The S&P Index advanced by 10.6%, posting the best performance to start a year since 2019. Similar to the fourth quarter of last year, returns were more evenly distributed with broader participation across market sectors. While the technology sector and “AI” stocks continued to perform well, we[...] Continue reading

4th 2023 Quarter Market Commentary

Strong Close to 2023, But Gets Tougher From Here  Stocks ended 2023 on a high note, with the S&P 500 Index advancing by 11.7% in the fourth quarter, closing the year with a 26.3% return and within striking distance of all-time highs. The powerful rally could be attributed to continued disinflation traction, increased credibility of the soft economic landing[...] Continue reading

Quarterly Newsletter for 2023’s 3rd Quarter

After three consecutive quarters of positive returns, stocks pulled back in the third quarter with the S&P 500 Index declining 3.3%. Other asset classes, such as small/mid-cap stocks and international equities posted slightly larger declines. Attributing the quarterly pullback to poor economic data or disappointing corporate earnings results would be difficult.[...] Continue reading