Market Monitor – First Quarter 2024
The U.S. economy has defied investor expectations and remains resilient. U.S. GDP has grown above 2% in each of the last six quarters and the labor market continues to be strong.
Market Review – November 2023
Markets rallied in November giving investors plenty for which to be thankful.
Market Review – October 2023
Markets across global equity and fixed income added a third month of decline in October.
Market Monitor – Third Quarter 2023
The Federal Reserve paused in September, following a 25 basis points rate hike in July. The major theme coming from the meeting was the potential and willingness of the Fed to remain higher-for-longer in an effort to combat inflation and bring it to its 2% target.
Market Review – August 2023
Markets took a step back in August as sentiment shifted surrounding Fed policy.
Market Review – July 2023
Markets posted favorable returns in July as investors found renewed optimism in economic data being reported, even in the face of year-over-year earnings declines.
Mid-Year Capital Markets Update
Recessionary Resilience – Defying Expectations
In our 2023 Outlook, Goodbye TINA, we outlined three broad themes that were likely to influence markets in 2023 – continued volatility, moderating inflation and a bear market bottom. The first half of 2023 has largely validated those views and we do not anticipate material changes ahead of year end rebalancing.
Market Review – May 2023
Market volatility persisted in May as investors tried to digest potential Fed policy action in June and the possibility of a U.S. default should a deal not be reached to raise the debt limit.
Market Review – April 2023
The sanguine April return of headline indexes hides the churn underneath. Equity and fixed income indexes alike posted modestly positive returns overall with year-to-date trends for 2023 continuing in April;
Market Monitor – First Quarter 2023
While volatility in the markets remained during the first quarter of 2023, broadly speaking, equity and fixed income markets saw a strong rebound.