Market Review The benchmark S&P 500 index posted a 8.3% gain for the 2nd quarter, with the strongest gains again concentrated among three sectors and a limited cadre of component companies. Artificial intelligence (A.I.) has been the hot news story in regards to which companies enable it and which companies are empowering users with it.…
Market Review The benchmark S&P 500 index posted a 7.0% headline gain to start the year, though performance varied widely by sector and a small group of large, Technology-driven stocks provided the bulk of the gains. Investors sought the perceived safety of robust and resilient cash flows and balance sheets. As expected, the Federal…
Did the S&P 500 bottom on October 12th of last year? Only hindsight will bestow that knowledge. Stubborn inflation and higher interest rates were the big drivers behind the selloff that took us to that October low, but recent data indicates inflation is retreating, comments from Federal Reserve members suggest they may be close to…
Market Review The benchmark S&P 500 index posted a welcome 7.1% gain to close out a challenging calendar year. Earnings results continued to surprise to the upside, although overall growth was more modest, with a 3.5% rise outpacing expectations for no growth. Revenue growth topped estimates by 2.5%, expanding 11.4%. Despite a flurry of four…
Market Review After a 2nd quarter most investors want to forget, the smaller 5.3% S&P 500 drop experienced in the 3rd isn’t any easier to swallow. The net move masks a tale of two markets, with a sharp rally followed by a slightly sharper pullback. Stubborn inflation kept the Federal Reserve on a path toward…