It’s been quite a year! We started 2024 with expectations for a recession, high inflation and mounting geopolitical tensions. We are ending it with a great economy, a presidential election and interest rate cuts. And somehow, through all this noise, the market [...]
The market went three-for-three in terms of strong quarterly performance this year. The S&P 500 increased by 10.6% in Q1, 4.3% in Q2 and 5.9% in Q3 — delivering a compounded 22.1% year-to-date annual growth rate through the end of the third quarter [...]
The Federal Reserve (Fed) has lowered interest rates by 75 basis points since initiating its easing campaign, reducing the federal funds rate to 4.50 - 4.75% from a multi-decade high of 5.25 - 5.50% in September. During this period, inflation has ticked up slightly, and the [...]
Many investors use tax loss harvesting to reduce tax liabilities by realizing losses and using them in the current tax year, or carrying them forward, to offset capital gains in other areas of their portfolio. The benefits of this technique for investors are tried, true and [...]
A Resilient Economy Spells ‘Higher for Longer’ We have had an interesting couple weeks in the markets. First, the week of the election we had a strong market rally of close to 5% for the S&P 500 with what has been called the “Trump Trade”. The following week, we had the “Trump Fade”, as the market experienced [...]
Download the 5.31.24 Dynamic Bond Market Update for advisors’ use with clients By Bill Smith, Fixed Income Trader and Portfolio Manager Yields have largely declined this month as bond investors welcomed a 3.40% year-over-year consumer price index (CPI) print from the Bureau of Labor Statistics on May 15th. While far from the Federal Reserve’s 2%