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…

Market Commentary from Ashley Vice, CFA, CFP®

Last year, Barron’s magazine asked ten top strategists to predict where the S&P 500 would end 2020. Their range was 3,000 to 3,700. The final number was 3,756 for a year-over-year return of 16.3%—much better than expected. Had the strategists possessed foreknowledge that a global pandemic would shut down the services economy and send unemployment…

Market Commentary from Ashley Vice, CFA, CFP®

2020 is making it harder to talk about “markets” as if they are a common entity and not thousands of individual companies facing dramatically different challenges and opportunities. I could say that “the market” is up through the third quarter, but that would be a poor description of the year so far. What has really…