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Q2 2025 Bond Market Update: Bonds Stay the Course Amidst Volatility
Despite a volatile start, fixed income broadly performed well in Q2 2025. Inflation continued to moderate, and while the U.S. Federal Reserve (Fed) held rates steady in May and June, the […]
Market Update: Markets Shrug Off Geopolitics
What’s the definition of a resilient market? Perhaps one that maintains momentum amid fear of a potential war brewing in the Middle East. The market (as measured by S&P 500) maintains its […]
Market Update: Market Scariness Dissipates
Happy Friday the 13th! Of all the things to be scared of these days, fear not the markets. The market (as measured by S&P 500) is up nearly 20% since the April lows and is up more than 3% […]
Q2 2025 Investing Insights: Top 3 Lessons from Warren Buffett in 2025
Download the 06.06.25 Top 3 Lessons from Warren Buffett in 2025 for advisors’ use with clients By Kostya Etus, CFA® Chief Investment Officer, Dynamic Asset Management “We will make our best deals when people are the most pessimistic. I was born in 1930. When I was born, things got much
Bond Market Update: The United States Loses its last AAA Rating
Moody’s downgraded the United States credit rating to Aa1 from AAA and revised the outlook to stable from negative on May 16. The market reaction has been relatively […]
Market Update: Longest Winning Streak in 20 Years
Despite the volatility, the uncertainty, the headlines… The S&P 500 ended last week (as of May 2) with nine consecutive days of gains, the longest winning […]
Market Update: Cloudy Skies Begin to Clear
Volatility in the markets continues as uncertainty remains for investors trying to decipher a myriad of headlines, primarily related to tariffs. That said, after a rough week last week for the market, it has come roaring back this week […]
Video: Kostya Etus breaks down Dynamic’s Q1 ’25 Investing Insights
Read the Q1 ’25 Investing Insights and download the supplemental PDF for advisors’ use for client communications. Disclosures This commentary is provided for informational and educational purposes only. The information, analysis and opinions expressed herein reflect our judgment and opinions as of the date of writing and are subject to
Q1 2025 Investing Insights: Top 3 Reasons to Stay Invested
We are seeing our first market correction in about 18 months (S&P 500 down more than 10%) as newly announced tariffs spark inflation and economic growth worries for investors, leading to extreme levels of uncertainty and volatility. […]
Q1 2025 Bond Market Update: Fixed Income Can Provide Ballast to Diversified Portfolio
Download the 4.4.25 Dynamic Bond Market Update for advisors’ use with clients By Bill Smith, Fixed Income Trader and Portfolio Manager Fixed income performed well in Q1 2025, amid a volatile environment punctuated by an escalating trade war and uncertainty surrounding the Department of Government Efficiency’s (DOGE) efforts to reduce
Market Update: Has the Pullback Begun?
A couple of bad weeks and the stock market falls into negative territory for the year (as measured by the S&P 500). That said, it is still up double digits from a year ago and it will take more than a couple weeks to derail this bull market […]
Market Update: The Tables are Turning
Broken record here… The stock market (as measured by the S&P 500) hit another all-time-high last week, despite getting an inflation reading above expectations as well as more tariff noise. Market resilience continues as […]
Market Update: Ship is Solid, Steady as She Goes
We had quite a bit of excitement over the last couple weeks. First, the market, as measured by the S&P 500, reached new all-time highs after the presidential inauguration and optimism for new policy. Next, news of a cheaper […]
Market Update: Dear Bond Investors, Please Calm Down
After a rough month, the markets finally had a great week last week, ending January 17, posting the strongest weekly performance since November. The main reason for the weakness is that interest rate expectations for higher-for-longer […]
Market Update: Managing Expectations
The market has done it again. We officially have a 25% return for the S&P 500 in 2024, following a 26% return in 2023. And this is despite not getting a “Santa Claus rally” this year for which many investors were hoping. This gives us a rare feat: Back-to-back […]
Market Update: Don’t Worry and Enjoy the Holidays
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 […]
Investing Insights Q4 2024: Top 3 Expectations for 2025
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 […]
Bond Market Update: Hedging Bets on the Pace of Easing
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 […]
Market Update: Everything in Moderation
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 […]
Market Update: So Much News, So Little Time
The decisive outcome of the 2024 Presidential election and the 0.25% Fed rate cut remove uncertainty from the markets, creating space for investors to refocus on fundamentals. With the S&P 500 on track for a potential back-to-back 20% gains, it is useful to consider how rare such market performance is and the implications for investors going forward […]
Bond Market Update: Yields Shift Higher Despite Rate Cutes
It has been six weeks since the Federal Reserve (Fed) commenced its easing campaign with a 50-basis point (bps) “jumbo” cut to interest rates. Next week, an additional 25 bps cut is widely anticipated at the November 6-7 Federal Open Market Committee meeting. While shorter bonds have largely performed as expected in this environment, longer maturities across major fixed income indices have seen yields spike higher […]
Market Update: Is the Market Giving Tricks or Treats?
Heading into a potential year two of a 20%+ bull market, trends that may support future positive performance include supportive monetary policy from the Fed, positive corporate earnings surprises, low inflation and ongoing strong economic growth. Performance of asset classes during past rate cutting cycles are […]
Market Update: 3 Wins and 3 Uncertainties
Despite key uncertainties, markets demonstrated strong performance in the S&P 500 during the first three quarters of the year. Other asset classes joined in with positive performance, including small companies, international markets and real estate. Investors are confronting uncertainties that include geopolitical turmoil in the Middle East, a strong than expected labor market and the upcoming presidential election […]
Bond Market Update: Fed Cuts 50
As we enter a new Federal Reserve rate cut cycle, historical trends reveal that fixed income tends to perform well over the duration of the rate cycle, with the exception of short-term securities and cash. The timing of fixed income investing in a rate cycle is less important than the allocation itself […]