In Q1’2024, the market exhibited varied performance across asset classes and sectors, presenting both opportunities in some areas and challenges in others. Notably, U.S. stocks surged ahead, with the All-Cap Russell 3000 Index posting a year-to-date (YTD) return of +10.02%, underpinned by improving, although still...
2023 Year-End Review & Forward Outlook The most common debate covered in the financial media during 2023 centered on the FED’s ability to engineer a soft landing in the US economy… That is, a reversion on inflation back down to the FED’s target of (2% YOY)...
As the last remnant of colored leaves falls from the trees, and the anticipation of a joyous holiday season grows, most of our clients have one thought on their mind – reducing their tax bill. Our annual tax planning letter will review some tried and...
Don’t fight the FED. For a decade+, soft monetary policy boosted asset prices (stocks, bonds, real estate). That era is behind us and higher rates with FED balance sheet tightening present a major headwind for asset prices looking forward. Don’t get wooed by glimpses of a...
The results of the first half of 2023 suggest that the overwhelming consensus among market participants is that interest rates will fall materially in the near-term. This is reflected in the recent outperformance of more interest-rate sensitive growth stocks (vs. value stocks), the inverted yield...
In the start of 2023, volatility, as measured by the VIX index, was low. Stocks continued their strong recovery from the bottom in October 2022. Growth stocks have experienced the largest rebound. This is following a ~30% down year in 2022. The cooling inflation numbers...
The elections are behind us and we just need to finish counting to see exactly where things landed. Point of clarity, we are referring to the 2022 elections. Our annual tax planning letter will focus on the following topics:...
Things could get worse in stocks but we should be humble in our attempts to predict FUTURE short-term price movements and FED policy. The market reaction to the rapid rise in interest rates is not a surprise. As rates rise, the math around stock valuations...
Review of Worldwide Index Returns for Q2’2022 and Full Year 2021 - We continue to favor Value stocks vs Growth stocks in the US and abroad we are starting to discuss adding to overall equity exposure (where appropriate) in client meetings when ...
A Review of Some Benchmarks: Worldwide Index Returns for Q1’2022 and Full Year 2021. Hot topics for 2022 including interest rates and recession risks, inflation, housing and insight on investing in times of uncertainty. ...