Q-4, 2022 MARKET REVIEW: Year In Review Twenty twenty-two has ended and the hope is that 2023 brings more certainty to the economic and investing landscape than has existed over the past 365 days. It’s easy to forget that on January 3, 2022 the S&P 500 index closed at 4,796.56 and the 10-year Treasury yielded…
Q-3, 2022 MARKET REVIEW: Where We Are Reflecting on the economic outlook and resulting market gyrations that defined the quarter, the words of the American pamphleteer Thomas Paine come to mind. “These are the times that try men’s souls”. Today’s financial market losses are indeed bracing but come on the heels of almost thirteen-years after…
Q-2, 2022 MARKET REVIEW: The second quarter was exceptionally challenging. In US Dollars (USD) the Bloomberg Aggregate Bond Index lost 1.6%, US Fixed Income Government Bond returns were down 3.8%, and the Standard & Poor’s 500 declined 16.1%. International market performance was no better. The Bloomberg Barclays Global Aggregate declined 3.2% and the MSCI Equities…
Q–1 2022 MARKET REVIEW Financial markets were whipsawed by news on inflation, Federal Reserve interest rate increases, the Russia invasion of Ukraine, and China’s determination to enforce a zero COVID policy regardless of its domestic and global economic implications. Inflation has been on a tear since mid 2021. Initially discounted as a transient side effect…
Q-4 2021 MARKET REVIEW The COVID-19 Omicron variant, inflation and coming Federal Reserve action to address rising inflation preoccupied market watchers throughout the quarter. Despite market agita caused by these concerns, the price of US stock equities in several asset classes moved higher. Fixed income yield floundered. This quarter, the US S&P 500 Index…
Q-3, 2021 MARKET REVIEW: The domestic equity market opened the third quarter on a high. Over the ensuing three months, however, the market was characterized by swings between risk taking and defensive positioning. By September the Standard & Poor’s 500 index remained barely positive and the 10-year bond yield had fluctuated as much as 0.40%…