First Quarter 2023 saw stocks continue their roller-coaster ride that has been ongoing for more than a year now. Though most major market indices ended the quarter in the black, there was significant volatility along the way. Turbulence in the stock market often leads...
Despite a significant rebound in Fourth Quarter, stocks and bonds finished 2022 solidly in the red. Whether the lows reached in October prove to be the turning point in the recent downturn remains to be seen, but it’s certainly encouraging that the inflation rate has...
“This time it’s different.” One of the great ironies of being wealth managers is that we hear this exact same phrase in every single bear market. It’s the phrase investors use to rationalize why they are bailing out of stocks. To be sure, there are unique aspects to...
Rising inflation and growing recession fears delivered a one-two punch to the global capital markets in Second Quarter 2022. The Dow Jones Industrial Average fell 10.78%, while the broader S&P 500 index declined 16.10%. Small stocks, as measured by the Russell...
In times of unimaginable suffering such as the Ukrainian people are experiencing at the hands of their Russian invaders, it can feel callous to consider such crises from a financial perspective. But there’s no avoiding the reality that the war, and the sanctions...
Fourth Quarter 2021 Client Letter Stocks surged in 2021, continuing their torrid recovery from the pandemic-fueled sell-off in February and March 2020. Since bottoming out at 18,591 on March 23rd, 2020, the Dow Jones Industrial Average has gained a whopping 97%. And...
