Overview- The market moved higher in Q3, with the S&P 500 up +5.8%. The market rally appears to be broadening with Midcap, SmallCap and Value doing as well as if not slightly better than the S&P 500. This is a marked contrast from the first half of the year, where the top 10 names [...]
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 [...]
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 [...]