As Stocks Outperform Equity Fund Flows Are Negative
Although 2022 was not a good year for most investment asset classes a recovery in equities actually began early in the fourth quarter of the year. The S&P 500…
Will International Equities Recent Outperformance to U.S. Equities Continue?
Over the past 15 years international developed market equities as measured by the MSCI EAFE Index have outperformed the S&P 500 Index in only four years and…
Spring 2023 Investor Letter: A Stock Market Rebound Continues
Without a doubt 2022 was a tough year for investment returns with 105 out of 112 asset classes generating a negative return, according to Morningstar data…
Investments firms often issue the caveat that "past performance is no guarantee of future results." One area where this is proving to be true this year is with…
As in prior crisis periods for the banks, like the 2008/2009 financial crisis, some investors used the crisis to structure favorable deals. One such investor…
A confluence of factors came together a week and a half ago precipitating a crisis in the banking system, not only in the U.S. but globally. Three banks have…
The market's weakness today (Thursday) was driven largely by the news that SVB Financial Group (SIVB) reported a loss of $1.8 billion on the fire sale of its …
Knowing the economy and investment market are not one and the same, and can function out of sync at times, possibly the current environment is such they are…
The S&P 500 has fallen in each of the last three weeks, down just over -4%. This leaves the Index down -2.56% this month with just two trading days remaining…
The impact of inflation on consumer pocketbooks varies, but inflated energy and food costs are a negative for consumer discretionary spending. Well publicized…
In August of last year Congress passed the so-called Inflation Reduction Act and included within the Act is a 1% excise tax on the fair market value of stock…
Since October 13, 2022 the S&P 500 Index is up 11.80% on a price only basis. For the start of 2023 the S&P 500 Index is up 4.16% through January 13, 2023. The…
