As the S&P 500 surged to a +24% gain in 2023, much was made around the “Magnificent Seven” mega-cap tech stocks and how these seven companies accounted for nearly 90% of the indexes’ gain for the year. As the calendar turned to 2024, many expected limited upside to these companies, and to the market in … Continued

The S&P 500 fell more than -4% in April as markets grappled with significant changes to expectations around interest rate cuts in 2024, following a third disappointing inflation report in a row to start the year. These reports have shown inflations decline essentially flat lining since last fall, with markets gradually moving their rate cut … Continued

The S&P 500 gained over +10% in the first three months of 2024, extending a rally going back to October 2022, during which the index has now gained over +40%. Optimism around a resilient U.S. economy, declining inflation, and new technology innovations such as artificial intelligence have all helped drive the market higher through this … Continued

The S&P 500 gained another +5.2% in February, up over +8.5% in 2024 at the time of this writing and coming off a +24% return in 2023. While we are as happy as any investor to see the stock market has recovered from a miserable 2022 and is marching to new highs, as markets continue … Continued

The S&P 500 has set new all-time highs in recent weeks and has crossed the 5,000-level for the first time ever. After closing as low as 3,670 in October of 2022, the bull market run in stocks has been robust and has been welcome news for investors. What has driven this market higher, however, and … Continued

The S&P 500 ended 2023 up more than +24% for the year, a strong recovery following a miserable 2022 for investors. With some up and down throughout the year, markets surged at the end — gaining for nine straight weeks to close out the year, adding +13% in just the final two months. Much of … Continued

The Dow Jones Industrial Average is now at an all-time high, and the S&P 500 is close to one, as 2023 comes to an end. Market participants are exuberant in their anticipation that the Federal Reserve may be set to accomplish one of the rarest of feats — an economic soft landing. A soft landing … Continued

As a forgettable October came to an end, the S&P 500 rallied in the final week for its best weekly performance since November 2022 — and continued the rally into November, gaining in 9 of 10 trading days through November 10. The rally kicked into gear following the Federal Reserve’s November 1 meeting, where comments … Continued

September lived up to its reputation as a tough month for stocks, as markets across the board struggled and the S&P 500 finished down nearly -5% for the month. The U.S. 10-year treasury yield spiked to levels not seen since 2007, and the popular 30-year fixed rate mortgage rose to its highest level since 2000, … Continued

The S&P 500 calmly added +3.11% in July, continuing its new bull market run from the lows of last October. With the exception of a few days around the regional bank failures, it’s been a market rally characterized by markedly subdued volatility. For example, the CBOE VIX index, sometimes referred to as Wall Street’s “Fear … Continued