Observations

Observations is a monthly advisor-centric column that touches on a variety of current issues.

May 2022

Last month, we discussed equity markets finding their footing amidst the pervasive negativity roiling through financial markets in early March. Well, that toehold was not strong enough to push us higher through April.

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April 2022

After back-to-back months of negative returns to start the year, the S&P 500 found its footing in mid-March following a shaky start to the month. Over a nine-trading day span, the S&P 500 advanced by 11%, which paled in comparison to the Nasdaq’s 16% rip higher.

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March 2022

The volatility in financial markets that began a little more than 3 months ago took another leg higher in the back half of February and into the first week of March. The swings in equity prices have not been for the faint of heart.

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October 2021

For much of the past few months, we have written extensively on the path of least resistance being higher in equities, regardless of the worries stacking up.  In fact, we went so far as to describe the U.S. equity market as being very much like a honey badger. 

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September 2021

All U.S. equity indices closed higher in August, as the S&P 500 notched its seventh straight monthly gain. Equities experienced a minor speed bump in the middle of the month when geopolitical tensions rose and chatter regarding the Delta variant’s effects on economic growth gained some steam.

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August 2021


There are many parallels between today and throughout the summer and early fall of 2018. Back then, equity markets were coming off an historically calm 2017, as “global synchronized growth” dominated the headlines.

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