Stock performance year-to-date has been a mixed bag with the vast majority of gains concentrated in mega-cap, domestic technology companies.. For example, the median year-to-date return for the largest 10 companies (using only the A-share class of Alphabet’s stock) in the S&P 500 is 30.4% as of July 1st. The median year-to-date return of the other 490 companies in the S&P 500 Index is a just 2.9%
Stocks continued their ascent to new highs into the new year, led by names at the forefront of artificial intelligence (AI) such as Meta, NVIDIA, Amazon, AMD, and Super Micro Computer. International stocks also edged higher, with the MSCI Europe, Asia, and Far East (EAFE) Index climbing 5.8% through the first quarter (MSCI) while bonds
Q2 Commentary – S&P 500 Concentration, Stock Picking, and Global Portfolio Management Read More »
2023 started with a bang. On the heels of a 4.25% increase in the federal funds rate in 2022, regional banks were hurting, leading to the failures of Silicon Valley, Signature, and First Republic. Congress got comparatively little done in 2023, with the biggest laws passed including one to temporarily suspend the federal debt limit
2024 Economic & Market Outlook: Congress Passes the Baton to the Fed as Inflation Eases Read More »
December is here, and as we collectively take a deep exhale following our respective Black Friday spending binges, it’s time to get back on the financial ball. There is one month left in 2023, and just enough time to implement some tax-saving, net worth enhancing strategies before year-end. Let’s dive in: Tax Savings Now: 401k,
Year End Tax Reduction Strategies for 2023 Read More »
The US economy chugged along through the summer, with the sub-4% unemployment indicating little strain in the labor market and corporate earnings holding steady. The inflation rate has climbed since June from 3.1% to 3.7%, but considering the annual inflation rate for the US was at 8.9% last summer, there has been a lot of
2023 Year-End Outlook and the Grind Down to 2% Inflation Read More »