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Points of View

2024 Second Quarter Review and Outlook Thumbnail

2024 Second Quarter Review and Outlook

Major equity indices continued to rally in the second quarter, though a closer look reveals a stark divide between the handful of large cap US tech stocks led by Nvidia that kept rising, and the rest of the market, which has spent the past three months treading water. Bond markets ended the quarter little changed.

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2023 Third Quarter Review and Outlook Thumbnail

2023 Third Quarter Review and Outlook

The third quarter proved challenging for investors, as a tug of war emerged between the economy’s surprising resilience and the Federal Reserve’s determined campaign to lower inflation. While bond markets continue to slump in response to rising interest rates, surging investor interest in artificial intelligence drove soaring returns for the largest tech stocks.

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2023 Second Quarter Review & Outlook Thumbnail

2023 Second Quarter Review & Outlook

During the first half of 2023 financial markets defied the chorus of forecasters who anticipated that crippling interest rates would soon lead to earnings declines, recession, and investment losses. Overall, investors enjoyed better than usual returns despite relentlessly negative media headlines.

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