by David Wagner | Aug 2, 2023 | Blog, Market Updates
July ‘23 Market Recap: The S&P 500 gained 3.2% in July on a total return basis, the fifth month of gains and the ninth straight positive July. Less favorable seasonality in late summer has investors cautious, but lately, it appears that the path of least...
by David Wagner | Jun 30, 2023 | Blog, Market Updates
June ‘23 Market Recap: The banking fears of Q1 faded into an all-out Artificial Intelligence (“AI”) FOMO trade in Q2, as the S&P 500 returned 8.74%. Outside of AI, this quarter’s narrative was “Immaculate Disinflation”, which embodies falling inflation and stable...
by David Wagner | Jun 5, 2023 | Blog, Market Updates
May ‘23 Market Recap: The S&P 500 gained 0.4% in May and traded in a 100pt range (4056 and 4169), one of the most narrow monthly ranges (11th percentile) in history since the 1930s. The VIX remained low as well. Only 23% of stocks outperformed the S&P 500, the...
by David Wagner | May 1, 2023 | Blog, Market Updates
April ‘23 Market Recap: Despite elevated macro and micro uncertainty, the S&P 500 rallied 1.5% in April. Keeping with positive correlation, fixed income continues to trade in the same direction as equities. The recent sharp decline in equity market breadth also...
by David Wagner | Apr 4, 2023 | Market Updates
The S&P 500 Was Up This Quarter? Surely You Can’t Be Serious. I am, and Don’t Call Me Shirley. Airplane! is a comedy that does not conform to any known standard of parody. In fact, the movie is far from the likes of comedies today that are so hung up on...
by David Wagner | Apr 3, 2023 | Blog, Market Updates
March ‘23 Market Recap; The S&P 500 ignored the fallout from banking woes and recorded a surprising +3.7% gain last month, leaving the index in positive territory for Q1 ‘23 (+7.5%). After a mid-month hike, the current Fed Funds rate (upper bound) is at 5% vs....
