The first half stock market rally stalled in the 3rd quarter. The S&P 500 (Total Return) Index fell 3.27%, reducing its YTD return to 13.07%. Overall, value stocks continue to underperform. But lost less (1.91%) than growth stocks in the quarter. Overseas, developed market stocks lost 3.8%, while emerging markets fell 1.54% Commodities gained 4.71% …
3rd Quarter Client Note – Stay Away from the Rocket Science Read More »
Led by a handful of big technology stocks (and defying most expectations), the S&P 500 (Total Return) Index gained 8.74% in the quarter and is up 16.89% YTD. These gains have led socks into “bull market” territory – up 20% from its previous low reached on October 14, 2022. Large Growth is up a whopping …
The markets shook off news of dramatic bank runs and failed banks being taken over by the FDIC and sold off in piece parts. Led by a big rebound in technology stocks, the S& P 500 (Total Return) Index gained 7.57% in the quarter. Large cap growth technology stocks were up 14.3% with large cap …
Well, that was fun. It wasn’t quite the worst ever year for stocks. Thank goodness for that. But bonds had one of (if not) their worst years ever. Consequently, the role that bonds usually play in a portfolio – buffering losses in the occasional bad years for stocks – didn’t happen – and even balanced …
4th Quarter Client Note – Out with the Old. In with Secure Act 2.0 Read More »
To paraphrase Mark Twain: Everybody talks about inflation, but nobody does anything about it. Inflation, simply defined, is the erosion of the purchasing power of money over time. It is a natural phenomenon in a growing economy. A ticket to the bleachers at Fenway Park cost my parents $1.00 when I was a kid. A …
Inflation Rears its Ugly Head and What to Do About It Read More »
We finally turned the corner on Covid (hopefully) and now find our European allies facing the worst military crisis since World War II — and possibly on the precipice of a nuclear confrontation with the out-of-control Russian leader. After being down by over 10% mid-quarter, the S & P 500 (total return) Index ended the …
On Wednesday night, Russian Federation President Vladimir Putin followed through on his threat to invade his neighbor, the sovereign nation of Ukraine. It is difficult to know his actual motivations and what his plan is. But this is obviously an affront to the post-WW War II international order. And a tragedy for the Ukrainian people. …
Welcome to whiplash land. The S&P 500 (Total Return) Index gained 8.93% in the quarter and 5.57% year-to-date. On August 18, the index reached a record high for the first time since the COVID-19 bear market began on February 19. In just 126 trading days, the fastest bear market recovery on record, the market erased …
3rd Quarter Client Note – COVID and Politics, a Potent Cocktail Read More »
What’s better for investors, Republican Presidents or Democrat Presidents? It’s a trick question. First, because in general, over the long run, it doesn’t matter. While some data correlates Democratic administrations with stronger markets since the end of World War II, there is no evidence of a cause and effect relationship. And this nifty interactive exhibit …
“Trillions of dollars of debt! This is what Republicans stand for?” Kentucky Senator Rand Paul, reacting to his own party’s proposed stimulus legislation in July. “Now is not the time to worry about shrinking the deficit.” Treasury Secretary Steven Mnuchin, on September 15 2020. “If you elect me, your taxes are going to be raised.” …
Before you go...
Join our newsletter to stay in touch with the financial world and get information to help plan your retirement.
"*" indicates required fields
