Market Newsletters

Overview   March was another good month for equities worldwide and US equities, in particular. In March, the S&P’s 500 rose 3.22% while the Nasdaq Composite was up 1.85%. The Russell 2000 (Small Cap Stocks) increased 3.58%. In international markets, the EPAC...

Overview   US equities and, to a lesser extent, international equity markets delivered another spectacular performance this past month. In February, the S&P’s 500 rose 5.34% while the Nasdaq Composite was up 6.22%. The Russell 2000 (Small Cap Stocks)...

Overview   In January, the continued strength of the US economy contributed to a mixed US equity market performance and to a mild deterioration in the bond market. Meanwhile, the sharp upward move of the USD, caused by rising bond yields, led to a generally...

Overview   Equities and bonds continued to rally in December, gaining  further momentum after the FED’s “pivot” of early November. The S&P’s 500 rose 4.54%. The Nasdaq Composite was up 5.58% and the Russell 2000 (Small Cap Stocks.) blasted 12.22% up. In...

Overview   What a blast November was! A perceived monetary policy “pivot” from the Federal Reserve (FED) triggered a bond rally.  This in turn pushed equities up sharply, on a worldwide basis. The S&P’s 500 gained 9.13% in November. The Nasdaq Composite rose...

Overview   October was the third consecutive month of losses across equity and bond markets. The pain has been acute, even if, as of this writing, both markets appear to have bounced off their lows. The S&P’s 500 lost 2.10% in October. The Nasdaq Composite...

Overview   Statistically speaking, September tends to be a negative month for equity investors. The 2023 vintage fitted the pattern. The S&P’s 500 lost 4.77%. The Nasdaq Composite declined 5.77%. Finally, the Russell 2000 (Small Cap Stocks.) dropped 5.01%. In...

  Overview   August was unequivocally unpleasant, performance-wise, for most investors. All major asset classes experienced declines, some of them particularly sharp ones. The S&P’s 500 dropped 1.59%. The Nasdaq Composite declined 2.05%. Finally, the Russell...

  Overview   Better than expected news on inflation and growth, released during the second part of July, contributed to particularly tonic equity performances worldwide this past month. In July, the S&P’s 500 rose 3.21%. The Nasdaq Composite added 4.08%....

    Overview   The resolution of the debt-ceiling debate, in early June, together with somewhat encouraging economic news throughout the month contributed to propelling equities forward worldwide. In June, the S&P’s 500 rose a potent 6.61%. The Nasdaq...

    Overview   Confusion remained the operative word for equity markets during the month of May. This confusion came from the on-going attempt to anticipate the next move from the Federal Reserve and, in a new twist, from the debt-ceiling negotiations between...

Overview   Mixed and confused! In April, that is how US equity markets behaved. The S&P’s 500 rose 1.56%, the Nasdaq Composite squeezed a meager .07% gain while the Russell 2000 (Small Cap Stocks.) dropped 1.80%. The USD dropped .90% against a basket of key...