The S&P 500 Index returned 2.3% in July, pushing its year-to-date return to 8.4%. Large Cap Growth stocks led the gains, increasing by 3.7%, while Large Cap Value increased by just 0.6%.
Market Commentary 8/06/25 Read More »
The first half of 2025 was busy and eventful, but for all that happened, markets ended the first half not far from where they started the year. The S&P 500 returned 6.1% through the end of June after being down by over 15% at one point in April. Long-term interest rates, as measured by the 30-year U.S. Treasury bond yield, ranged from 4.40% to 5.10% but ended the first half of the year right where it started, near 4.80%. If one did not follow the markets closely, it might seem as though little had changed.
Q2 2025 Quarterly Market Commentary Read More »
Volatility returned last week due to trade tensions and a sudden geopolitical shock, even though economic data showed moderating growth and lower inflation.
Investors digested a fragile U.S.–China trade truce, a steady but slowing labor market, and an escalation in the Israel–Iran conflict that sent safe-haven assets soaring. In this commentary, we break down the key developments, from Washington to the Middle East, and discuss what they mean for markets, interest rates, and long-term investors.
Market Commentary 6/18/25 Read More »
U.S. equities staged a powerful comeback in May, with the S&P 500 Index posting a 6.3% return, its strongest monthly gain since November 2023. Leading the charge were Large Cap Growth stocks, as the Nasdaq 100 surged 9.2% and the Russell 1000 Growth climbed 8.9%.
Market Commentary 6/11/25 Read More »
Equity markets were relatively unchanged this past week, with the S&P 500 finishing flat after giving back early gains spurred by news that the U.S. would temporarily exempt certain tech products from new China tariffs.
Market Commentary 6/02/25 Read More »
Equity markets were relatively unchanged this past week, with the S&P 500 finishing flat after giving back early gains spurred by news that the U.S. would temporarily exempt certain tech products from new China tariffs.
Market Commentary 5/21/25 Read More »
Equity markets were relatively unchanged this past week, with the S&P 500 finishing flat after giving back early gains spurred by news that the U.S. would temporarily exempt certain tech products from new China tariffs.
Market Commentary 4/23/25 Read More »
The stock market declined in the first quarter after two consecutive years of gains exceeding 20%. The year started off strongly, with the S&P 500 reaching a new all-time high in mid-February.
Q1 2025 Quarterly Market Commentary Read More »
Stocks started 2025 trading higher but have since pulled back, with the S&P 500 entering “correction” territory with a 10% decline from its all-time high on February 19.
Market Commentary 3/19/25 Read More »
Even though six of the eleven S&P 500 sectors traded higher, led by defensive sectors, the S&P 500 declined approximately 1.3% in February.
Market Commentary 3/10/25 Read More »
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