Yearly Archives: 2023

Will the Oversold Rally in Equities Continue?

Overview The 3rd Quarter ended with a pullback in US equity markets as interest rates continued their march higher. U.S. 10-year yields are at 16-year highs, and we do not believe the process is over. We see investors demanding more compensation for bond risk and we are still underweighting long-duration assets. We have [...]

By |2023-12-21T16:16:28+00:00October 25th, 2023|Uncategorized|0 Comments

Can the FED Achieve the Rare Soft Landing?

OverviewThe U.S. equity market has rallied further this year than we expected, and more than most professional procrastinators predicted. We started the year with significant fundamental headwinds, which the equity market has ignored - an inverted yield curve, a banking crisis resulting in tighter lending standards, slowing earnings and a continuation of the Ukrainian [...]

By |2023-12-21T16:17:07+00:00July 20th, 2023|Uncategorized|0 Comments

The Fog of War

Overview As we start the second quarter of the year, our outlook for 2023 is unchanged from our views at the beginning of the year. From our 1Q Outlook: “We believe it is likely that we will see more volatility to both the downside and upside this year. This will make 2023 a more [...]

By |2023-05-11T17:57:16+00:00April 13th, 2023|Market Commentary|0 Comments

A Year for the History Books

Overview Thank you for your trust in us and we appreciate your patience as we navigate through one of the roughest periods on record for both stock and bond markets over the past year. Yale economist Robert Shiller and the Financial Times looked at returns since 1871 and both confirmed that there has never [...]

By |2023-05-11T17:57:31+00:00January 13th, 2023|Market Commentary|0 Comments
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