Insights
Outstanding First Half. Do We See a Market Upswing or a Fade During the Rest of 2023?
“Extraordinary magic follows you aroundand the camera can’t catch it,you won’t see it in the mirrorbut I see it, I see it…I see extraordinary magic in you.”—Lyric from “Extraordinary Magic” Nasdaq & S&P 500 Advance It’s very hard to come up with a phrase to...
Market Review: Time to Look on the Bright Side?
When you’re chewing on life’s gristle, don’t grumble, give a whistle and … always look on the bright side of life. — Lyrics from “Always Look on the Bright Side of Life” from the film “Life of Brian” Taking a look back at May market activity, the S&P 500 extended...
Stuck in Neutral: Our “Hold Your Ground” Message Plays On
You’ve got yourself stuck in a moment, And now you can’t get out of it.— Chorus from a U2 song Not much has changed in the last six months, going all the way back to November 2022. Since then, the S&P 500 has traded in a relatively tight range of somewhere between...
Banking Crisis? U.S. Stock Market Responds, “I’ve Got This!”
“Genius is nothing but a greater aptitude for patience.”— George-Louis de Buffon, well-known 18th century naturalist Investors have been bombarded with a set of head-spinning headlines this month and this year, but the market has absolutely taken it in stride. We...
Our Perspective on the Recent Bank Failures
The following addresses our thoughts regarding events that recently transpired at two U.S. banks—Silvergate Bank and Silicon Valley Bank—as well as the government response to the challenges at these institutions and the likely market impact.
Solid 2023 Start to U.S. Markets Faded Some in February…What’s Next?
Be curious, not judgmental.”— attributed to Walt Whitman. The nice break in January represented a respite from negative karma in 2022. The S&P 500 surged more than 6% in January, and leadership clearly centered on the more aggressive areas of this large-cap index....