Oct 7, 2022 | Quarterly Reviews
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...
Jul 8, 2022 | Quarterly Reviews
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...
May 12, 2022 | Quarterly Reviews
May Market Update Stocks have fallen sharply this year and are now in a correction due to concerns about inflation and Federal Reserve monetary policy. On May 11th, the Consumer Price Index (CPI) for April reported an 8.3% increase year over year. This was higher than...
Apr 8, 2022 | Quarterly Reviews
2022 First Quarter Review and Outlook The S&P 500 finished the first quarter of 2022 down 4.67%. It was a volatile first quarter and on March 8th the S&P 500 was down 12.6% for the year. The negative returns were driven by high inflation (7.9% in February) and...
Jan 10, 2022 | Quarterly Reviews
2021 Review and 2022 Outlook Keep an Eye on Inflation and Federal Reserve Policy It was another great year of returns for most equity indexes. In 2021, the S&P 500 index returned 28.71%. This return was powered by an accommodative Federal Reserve, a...
Oct 8, 2021 | Quarterly Reviews
2021 Third Quarter Review and Outlook In the third quarter the S&P 500 Index returned a modest .58%. The index is still up 15.92% in 2021 after a very strong first half of the year. Stocks lost momentum in September due to concerns over the Delta variant, rising...
