Not since October 2023 has the S&P 500 had a 5% pullback. That all ended last week with the S&P 500 down 5.33% from its record-setting peak on March 29th. 1
It’s been that long since I reminded our investor clients that adjustments, pullbacks, drawdowns, and… More >>
Talk of inflation is a constant and, frankly, an ongoing threat to sustained consumption. That narrative hardly changed last week and, most definitely, was exacerbated by the Iranian attack on Israel.
It’s pretty clear from all the advanced warnings by the Iranians and… More >>
The labor market continues to exhibit amazing strength and resilience. The U.S. economy added 300,000+ jobs in March and, historically, that would suggest continued inflationary pressures. 1
One might even conclude interest rates are a long way from being cut due to… More >>
Equity markets rose in the first quarter, with the S&P 500 gaining more than 10%. Inflationary pressures eased only modestly in the quarter leaving investors guessing on interest rates. That provided a slight drag on fixed income in the quarter. 1
Take a look at how… More >>