Key Updates on the Economy & Markets Stocks and bonds were both impacted by a chain of events during the third quarter. It started with rising oil prices, which caused inflation to re-accelerate in August. The rebound in inflation contributed to a sharp rise in interest rates, with the 10-year Treasury yield rising above 4.50%….
READ MOREThis collection of market insights highlights 10 themes we believe are most likely to shape the investment environment this quarter. Click Here To View Full Report
READ MOREThe author F. Scott Fitzgerald once wrote that “the test of a first-rate intelligence is the ability to hold two opposed ideas in the mind at the same time, and still retain the ability to function.” This concept, often referred to as “cognitive dissonance,” is something all investors must grapple with on a regular basis….
READ MOREMonthly Market Summary The S&P 500 Index declined -2.2% in October but outperformed the Russell 2000 Index’s -6.9% decline. The Utility sector was the top-performing S&P 500 sector, while Energy and Consumer Discretionary led to the downside. Corporate investment-grade bonds produced a -2.4% total return in October, underperforming corporate high-yield bonds’ -1.0% total return. International…
READ MOREFinancial Markets Rebound in the First Half of 2023 A year can make a big difference. One year ago, the market was trying to catch its breath after a chaotic start to 2022. The Federal Reserve had raised interest rates by 1.5% in a little over three months. Inflation touched 9% as Russia’s invasion of…
READ MOREQuarterly Snapshot Global equity markets put up big scores in both the second quarter and the first half of 2023, amid periods of volatility. Markets were buoyed by a sharp rally in technology stocks, investors’ optimism regarding generally favorable economic data, as well as the resolution of the politically charged debt-ceiling standoff in the U.S….
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READ MOREKey Updates on the Economy & Markets Stocks and bonds were both impacted by a chain of events during the third quarter. It started with rising oil prices, which caused inflation to re-accelerate in August. The rebound in inflation contributed to a sharp rise in interest rates, with the 10-year Treasury yield rising above 4.50%….
READ MOREMonthly Market Summary The S&P 500 Index declined -1.6% in August but outperformed the Russell 2000 Index’s -5.1% decline. Energy was the only S&P 500 sector to trade higher, while Utilities and Consumer Staples led the remaining nine sectors lower. Corporate investment-grade bonds produced a -1.2% total return in August, underperforming corporate high-yield bonds’ +0.2%…
READ MOREMonthly Market Summary The S&P 500 Index gained 3.3% in July but underperformed the Russell 2000 Index’s 6.1% increase. All eleven S&P 500 sectors traded higher, led by the Energy, Communication Service, and Financial sectors. Corporate investment grade bonds produced a 0.1% total return in July, underperforming corporate high yield bonds’ 1.1% total return. The…
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