skip to Main Content

Quarterly Market Perspective for 1Q22

Summary Sometimes a quarter passes and nothing much happens.  Other times, so much happens in a quarter that it seems like a full year.  The first quarter of 2022 falls into the latter category.  Supply bottlenecks and then, of course,…

Read More

Quarterly Market Perspective for 4Q21

Summary The stock market shrugged off several attempts at a broad sell-off last quarter to eventually end up about 11% higher.  Both November and December saw drawdowns of more than three percent before sharp reversals led to new all-time highs. …

Read More

Quarterly Market Perspective for 3Q21

Summary While it is technically true that the S&P 500 stock index added 0.58%[i] in the third quarter, it really didn’t feel that way.  Small cap U.S. stocks declined, midcap U.S. stocks declined, and foreign stocks declined - both developed…

Read More

Quarterly Market Perspective for 2Q21

Summary Stocks maintained their strong advance in 2021 by adding another 8.55%[i] last quarter.  Technology, Energy, and Real Estate led the way.  Economically, that makes little sense – technology, as a long-dated asset, should benefit from disinflation while energy (a…

Read More

Quarterly Market Perspective for 1Q21

Summary The stock market’s recovery continued in the first quarter of 2021 as all major categories of stocks made new highs.  For the quarter, U.S. stocks gained 6.17% (as measured by the S&P 500).  That said, the quarter was anything…

Read More