The overall market performance remained strong in the third quarter, with the S&P 500 gaining 5.3%. It was a broad rally, with the S&P 500 equal weight index returning nearly 10%, following a lengthy period when a small number of mega-cap companies accounted...
Market Commentary 2nd Quarter 2024
The overall market performance remained strong in the second quarter, with the S&P 500 gaining 4.3%. That performance was largely driven by a relatively small number of individual stocks in the S&P 500. In fact, while the six companies with trillion-dollar...
Market Commentary 1st Quarter 2024
For the three-month period ending March 31st, the S&P 500 Total Return Index increased 10.56% while the Bloomberg U.S. Aggregate Intermediate Bond Index decreased 0.42%. The U.S. economy continued to show great resilience, with corporate earnings, employment, and...
Market Commentary 4th Quarter 2023
Market Commentary Fourth Quarter 2023 For the three months ending December 31st, the S&P 500 Total Return Index increased 11.69%, while the Bloomberg U.S. Aggregate Intermediate Bond Index increased 5.50%. For the year, the S&P 500 Total Return Index finished...
Market Commentary 3rd Quarter 2023
Third Quarter 2023 Economic Review For the three-month period ending September 30th, the S&P 500 Total Return Index decreased 5.4% while the Bloomberg U.S. Aggregate Intermediate Bond Index fell 1.9%; for the year, the S&P 500 Total Return Index is up 13.0%...
Market Commentary 2nd Quarter 2023
Second Quarter 2023 Economic Review For the three-month period ending June 30ᵗʰ, the S&P 500 Total Return Index increased 8.7% while the Bloomberg U.S. Aggregate Intermediate Bond Index fell 0.7%. Year to date, the S&P 500 Total Return Index is up 16.9% and...
Market Commentary 1st QTR 2023
For the three-month period, the S&P 500 Total Return Index increased 7.5% while the Bloomberg U.S. Aggregate Intermediate Bond Index rose 2.4%. After a difficult 2022, most financial markets recovered in the first three months of 2023. It might be more accurate to...
Market Commentary 4th QTR 2022
The S&P 500 Total Return Index increased 7.6% for the quarter but finished down 18.1% for the year. The Bloomberg U.S. Aggregate Intermediate Bond Index increased 1.9% during this period and finished down 13.0% for 2022. The yield on the 10-year Treasury remained...
Market Commentary 3rd QTR 2022
The S&P 500 Total Return Index fell 4.9% for the quarter and is down 23.9% for the year. The Barclays U.S. Aggregate Bond Composite Index fell 3.8% during this period and is down 11.0% for 2022. This is the first time since 1976 that both stocks and bonds have...
Market Commentary 2nd QTR 2022
During the period, the S&P 500 Total Return Index fell 16.10% for the quarter and is down 19.96% for the year. The Barclays U.S. Aggregate Bond Composite Index fell 2.93%% during this period and is down 7.48% for 2022. The 10Y finished the quarter at 2.97%, up from...