2nd Quarter 2023 Update
By John Dapper
SUMMARY U.S. stocks rose sharply in the second quarter. The Dow Jones Index was up 4% to 34,355 and is up 4.9% year to date. The S&P 500 was up 8.7% to 4,449 and is up 16.9% year to date, mainly on the strength of a handful of stocks (see below). The NASDAQ shot up […]
1st Quarter 2023 Quarterly Update
By John Dapper
Summary Similar to the fourth quarter of 2022, U.S. stocks, as represented by the S&P 500 Index, advanced by 7.5% in the first quarter of 2023. Growth-heavy sectors like Tech and Communication Services outperformed, as investors flocked to large-cap names in the face of the unfolding banking crisis. U.S. bond yields, as represented by the […]
4th Quarter 2022 Quarterly Update
By John Dapper
Summary After three consecutive quarterly declines, U.S. stocks moved higher in Q4 but underperformed their international peers. Investors favored value- and cyclical-oriented segments of the market, which outperformed their growth peers by a considerable margin. U.S. bond yields, as represented by the Bloomberg U.S. Aggregate Bond Index, appear to have peaked as we approach the […]
