2023 Second Quarter Market Commentary

We made it to the halfway point of 2023, and like the first quarter, the market has continued to rally. Year to date, the S&P is up almost 17%, the tech-heavy NASDAQ is up over 32%, and MSCI ACWI Ex USA (the world excluding the U.S.) is up almost 10%. However, digging a little deeper,…

2022 Fourth Quarter Market Commentary

2023 is upon us and most investors are happy to bid 2022 adieu. It’s been a turbulent year, to say the least, with inflation, aggressive rate hikes, war, and significant losses across asset classes. Correlations between equities and fixed income turned positive, and investors felt the sting of losses in equities and bonds simultaneously. The…

2022 Third Quarter Market Commentary

The third quarter of 2022 has brought little reprieve since our last writing. The S&P is down -23.9% YTD and the Nasdaq is down -32% YTD. Bonds haven’t fared much better with the Barclay’s Aggregate down -14.6% YTD. The Federal Reserve continues an aggressive pace of rate increases, yet inflation remains stubbornly high. The market…