2023 Third Quarter Review and Outlook The S&P 500 finished the third quarter down –3.27% but is still up 13.07% for the year. The stock price decline was partly driven by investors’ changing expectations of future interest rates. The Consumer Price Index (CPI)...
2023 First Half Review and Outlook The S&P 500 continued to rally in the second quarter, led by technology and artificial intelligence stocks, gaining 8.74% and finishing the first half of the year up 16.89%. The strong returns were driven by a reduction in...
2023 First Quarter Review and 2023 Outlook The first quarter saw positive returns for most stocks and bonds. In the first quarter, the S&P 500 Index returned 7.50% and the Bloomberg U.S. Aggregate (Bond) Index returned 2.96%. The market experienced high volatility...
2022 Review and 2023 Outlook The S&P 500 Index did rally in the fourth quarter gaining 7.56% but still finished the year down 18.11%. The last year with a negative return for the S&P 500 was 2018 (down 4.38%). The last year with a double-digit negative return...
2022 Third Quarter Review and Outlook The S&P 500 finished the third quarter down 4.88% and down 23.87% for the year. The decline in stock prices is primarily due to a compression of stock price earnings multiples due to rising interest rates. The Federal Reserve...
2022 First Half Review and Outlook Through the first half of the year the S&P 500 has returned -19.96%. The financial markets are expecting the Federal Reserve to continue to raise interest rates to drive down inflation and cause a recession. The increase in...
