3rd Quarter 2023 Update
By John Dapper
Summary Equities struggled as second quarter earnings results were met with a lack of enthusiasm. While companies outpaced profit expectations, revenue growth was almost flat; and on an inflation inflation-adjusted basis, revenues continued to fall. The trifecta of an increase in the dollar, oil prices, and yields put downward pressure on stocks later in […]
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 […]
