During the month of May, equity and bond markets generated mixed results after navigating through a federal debt ceiling stand-off, continuing strong employment numbers, moderating inflation, and another Fed rate hike. The S&P 500 added 0.43% while the Russell 2000 fell -0.93%. Growth stocks, led by a very narrow group of Nasdaq mega cap names, added 4.56%. Value names lost -3.86%. The Bloomberg Aggregate Bond Index was down -1.09% as longer dated yields rose.
October was characterized by a sharp rotation in market leadership, as defensive and value-oriented areas advanced while technology and growth...
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Resilient economic growth, persistent inflation, elevated fiscal deficits, and an uncertain monetary policy outlook prompted investors to reprice the Treasury...
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August presented a mixed economic backdrop, as inflation remained above the Federal Reserve’s target, labor market conditions softened, and consumer...
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