Stocks continued their move higher this quarter with market participation broadening substantially beyond the mega-cap technology and AI-related names that have dominated market performance through the first half of 2024. more
Despite conflicting data points, the U.S. economy continued to perform well in the second quarter. S&P 500 earnings reports for the first quarter demonstrated robust earnings surprises with 79% of S&P… more
Enthusiasm for owning stocks continued in the first quarter as the S&P 500 returned 10.6%, a second straight double-digit quarterly gain and the strongest start to a year since 2019. Since… more
Markets wrapped up 2023 with an epic rally that started in late October across both equity and fixed income markets and gathered momentum in November as investors concluded that the major… more
The idea of higher interest rates for longer seems to be the new consensus for investors. After an unexpectedly strong 2.1% second quarter GDP reading, the Atlanta Fed projects third quarter… more
After raising the Federal Funds rate another 25bps in May, the Federal Open Market Committee (FOMC) “skipped” in June and left rates unchanged at a target range of 5.00% - 5.25%.… more
The consequences of persistent interest rate increases are beginning to be felt across all segments of the economy. A full year into the tightening cycle, the Federal Reserve has rapidly increased… more
The Federal Reserve’s interest rate decisions—past, present, and future—were the primary focus of investors in the fourth quarter. This single phenomenon impacts the trajectory of almost every other financial metric relevant… more
Most global financial assets rebounded from the oversold conditions of August/September with the notable exception of Chinese equities. Capital market narratives for the month were centered around monetary policy and the… more
The second quarter of 2022 was a decidedly weak environment for almost all traditional financial assets. For most of the quarter, through early June, the global economy had been contending with… more
3rd Quarter 2024 Market Overview
September 30, 2024|Commentary
Stocks continued their move higher this quarter with market participation broadening substantially beyond the mega-cap technology and AI-related names that have dominated market performance through the first half of 2024. more
2nd Quarter 2024 Market Overview
June 30, 2024|Commentary
Despite conflicting data points, the U.S. economy continued to perform well in the second quarter. S&P 500 earnings reports for the first quarter demonstrated robust earnings surprises with 79% of S&P… more
1st Quarter 2024 Market Overview
March 31, 2024|Commentary
Enthusiasm for owning stocks continued in the first quarter as the S&P 500 returned 10.6%, a second straight double-digit quarterly gain and the strongest start to a year since 2019. Since… more
4th Quarter 2023 Market Overview
December 31, 2023|Commentary
Markets wrapped up 2023 with an epic rally that started in late October across both equity and fixed income markets and gathered momentum in November as investors concluded that the major… more
3rd Quarter 2023 Market Overview
September 30, 2023|Commentary
The idea of higher interest rates for longer seems to be the new consensus for investors. After an unexpectedly strong 2.1% second quarter GDP reading, the Atlanta Fed projects third quarter… more
2nd Quarter 2023 Market Overview
June 30, 2023|Commentary
After raising the Federal Funds rate another 25bps in May, the Federal Open Market Committee (FOMC) “skipped” in June and left rates unchanged at a target range of 5.00% - 5.25%.… more
1st Quarter 2023 Market Overview
March 31, 2023|Commentary
The consequences of persistent interest rate increases are beginning to be felt across all segments of the economy. A full year into the tightening cycle, the Federal Reserve has rapidly increased… more
4th Quarter 2022 Market Overview
December 31, 2022|Commentary
The Federal Reserve’s interest rate decisions—past, present, and future—were the primary focus of investors in the fourth quarter. This single phenomenon impacts the trajectory of almost every other financial metric relevant… more
3rd Quarter 2022 Market Overview
September 30, 2022|Commentary
Most global financial assets rebounded from the oversold conditions of August/September with the notable exception of Chinese equities. Capital market narratives for the month were centered around monetary policy and the… more
2nd Quarter 2022 Market Overview
June 30, 2022|Commentary
The second quarter of 2022 was a decidedly weak environment for almost all traditional financial assets. For most of the quarter, through early June, the global economy had been contending with… more