U.S. Performance Dashboard – September 2023
As 10-year Treasury yields rose to a 15-year high, the U.S. market rally fizzled, with the S&P 500® down 3% in Q3. Pessimism amid renewed inflation concerns coupled with worries about the Fed's hawkish guidance saw the more domestically oriented S&P SmallCap 600® underperform, down 5%. Energy maintained its spot at the top of the leaderboard and was the sole sector to post a double-digit gain, propelled by rising oil prices.
U.S. Performance Dashboard – August 2023
Despite a strong recovery in the latter part of the month, the U.S. market rally took a breather in August, with the S&P 500® down 2%, as inflation concerns coupled with uncertainty around the future trajectory of rate hikes reared their head again. Smaller caps performed even worse, with the S&P SmallCap 600® down 4%. Energy maintained its spot at the top of the leaderboard and was the sole sector to post a gain. Momentum led among [...]
U.S. Performance Dashboard – July 2023
Powered by optimism surrounding softening inflation alongside strong earnings from Big Tech, the U.S. market rally gained steam in July, with the S&P 500® up 3%. The breadth of the market continued to widen as a result of small-cap momentum, with the S&P SmallCap 600 outperforming the S&P 500® Top 50 by 2%. All of our reported factor indices posted gains, led by Enhanced Value, up 6%. High Beta continued to trounce Low Volatility, a sign [...]
Quarterly Market Review – Q2 2023
This report features world capital market performance and a timeline of events for the past quarter. It begins with a global overview, then features the returns of stock and bond asset classes in the US and international markets. The report also illustrates the impact of globally diversified portfolios and features a quarterly topic. " Let the Compounding Commence!" Click HERE to download this quarter’s breakdown!
U.S. Performance Dashboard – June 2023
Concerns around economic fundamentals and uncertainty around the Fed’s future rate trajectory did not deter U.S. equities from posting gains across the board in the second quarter, with the S&P 500® completing its best first half since 2019, up 17% YTD. Led by mega-cap strength, the S&P 500 Top 50 was up 13% in Q2, outpacing smaller caps, which have recently made a comeback in June. In a sign of strong risk-on sentiment, Growth and High Beta [...]
U.S. Performance Dashboard – May 2023
Uncertainty reigned across U.S. markets in May. Grappling with persistent inflation, investors struggled to anticipate the Fed’s rate hike trajectory and the outcome of the federal debt ceiling debates. Amidst these concerns, strong earnings in a handful of sectors helped buoy equities yet worries over a May 31 House of Representatives vote on the debt ceiling deal ultimately weighed heavily on markets. Fueled by the strength of mega-caps, the S&P 500® posted a gain of 0.4% [...]
