The broad stock market indices continued to move higher in the second quarter, although the rally was again somewhat narrowly concentrated in large cap tech companies. The S&P 500, a market weighted index where the largest 6 stocks (Microsoft, Apple, … Continue reading →
Stocks extended their 2023 recovery rally during the first quarter of the year with the S&P 500 index up by 10.16%, the best first quarter since 2019. Several of the big tech stocks continued their upward momentum led by chip … Continue reading →
While it may have been hard to notice given all the volatility and business news headlines, stocks had a solid quarter with the S&P 500 rallying about 7% on the back of a recovery in large capitalization technology stocks. Notably, … Continue reading →
The fourth quarter of 2022 brought some relief for the battered equity and fixed income markets across the globe. In the U.S., the S&P 500 Index was up about 7% during the quarter, but still closed the year down nearly … Continue reading →
Like many of you, I’m so upset about the collapse of crypto: NOT! As the recent bankruptcy of FTX and other crypto currencies and related companies demonstrated, much of the wealth in the crypto space was at worst a Ponzi … Continue reading →
The 19% rally off the mid-June lows for the S&P 500 stock index ended in mid-August. From that point and through September was a tidal wave of selling resulting in another down quarter and the lowest levels for the major … Continue reading →
Wow, where do I start? Perhaps with raging inflation not seen since the early 1980s, partisan government dysfunction or Russia invading Ukraine? If you feel like I’m repeating myself, I am. This was the first sentence from my commentary after … Continue reading →
Wow, where do I start? Perhaps with raging inflation not seen since the early 1980s, partisan government dysfunction or Russia invading Ukraine? I’m not sure where to start, but the markets seemed to know where to start by heading down … Continue reading →
After a difficult September, the equity markets finished the year strongly led by giant technology companies like Apple, Microsoft and Alphabet (Google) as well as real estate, materials, consumer staples and consumer discretionary sectors. Small capitalization companies performed relatively poorly … Continue reading →
The 18-month market rise after the initial Covid induced selloff of March 2020 finally came to a halt in September as the market sold off sharply. Given that the S&P 500 more than doubled off the bottom of March 2020 … Continue reading →