Market Updates

April 15, 2024
2024 Market Update 1st Quarter

The S&P 500 has continued its steady ascent that started at the end of last October, finishing the first quarter up about 27% on a price basis since then, and about 10% year-to-date. In 2023 only three sectors outperformed the S&P 500, and by wide margins, but the rally has broadened considerably. In 2024 several more have outperformed or are at least inline,…

January 12, 2024
2023 Market Update 4th Quarter

The S&P 500 spent the last few days of the year trading just below a new all-time high, but ultimately failing to broach its January 3rd, 2022 record close. The stock market’s price action over the last two years, and the news in the world in general, has been nothing if not interesting. A 25% price drop by mid-October of 2022, 5.25% of…

October 17, 2023
2023 Market Update 3rd Quarter

Returns for the stock and bond indices below were all modestly negative for the quarter, with an unusually minimal dispersion of returns. Despite this, stocks have rallied over the past twelve months since the S&P 500 was essentially hitting its lows for the year at this point in 2022. Smaller domestic and emerging markets stocks have lagged on a relative…

July 19, 2023
2023 Market Update 2nd Quarter

Except for emerging markets, the broad stock market indices we present here had solid positive returns for the second quarter, and even more robust returns over the last year. The S&P 500 index fared the best over both periods due to its heavy weighting in technology, continuing a trend that has played out over much of the time since the…