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.
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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July was dominated by renewed escalation in the U.S.-Iran conflict and rising disruption risk around the Strait of Hormuz, driving...
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Geopolitical conditions remain unsettled, particularly in the Middle East. Developments involving Iran have moved in and out of focus, with...
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