November 2025
Observations
October proved to be yet another strong month for U.S. equities, underscoring both the resilience and the fragility of market sentiment as we approach year-end. The S&P 500 advanced +2.27%, the Nasdaq Composite surged +4.70% and the Russell 2000 managed a +1.76%...
By: William “Billy” Little, Jr., CFA
October 2025
Observations
U.S. equities extended their winning streak in September, marking another strong month for the markets. The S&P 500 advanced 3.53%, the Nasdaq Composite surged 5.61%, and the Russell 2000 climbed 2.96%, breaking above its November 2021 record high.
By: William “Billy” Little, Jr., CFA
September 2025
Observations
U.S. equity markets wrapped up August on a constructive note, as most major indices closed within spitting distance of their respective all-time highs. The S&P 500 gained 1.91% and the Nasdaq added 1.58%, while the Russell 2000 soared 7.00%, which marked its...
By: William “Billy” Little, Jr., CFA
August 2025
Observations
U.S. equity markets posted modest gains in July, extending what has become a protracted summer rally. The S&P 500 climbed 2.17%, marking its third consecutive monthly advance, while the Nasdaq surged 3.70% for a fourth straight month of gains.
By: William “Billy” Little, Jr., CFA
July 2025
Observations
U.S. equities delivered another solid showing in June, extending the recovery since the Liberation Day sell-off in early April. The S&P 500 notched its second consecutive monthly gain while also eclipsing the previous all-time high set back in mid-February, climbing 4.96%.
By: William “Billy” Little, Jr., CFA
May 2025
Observations
U.S. equity markets endured one of their most turbulent Aprils in years, brought on by aggressive tariff announcements and questions surrounding Fed Chair Jerome Powell’s job security. The barrage of uncertainty led to a surge in volatility that sent major indices plunging...
By: William “Billy” Little, Jr., CFA
April 2025
Observations
In March, U.S. equities continued their downward slide from all-time highs set in February, as all major indices sold off. The S&P 500 suffered its biggest monthly decline since December 2022, falling 5.75%.
By: William “Billy” Little, Jr., CFA
March 2025
Observations
U.S. equity markets struggled through February with major indices broadly lower amid renewed growth concerns and escalating trade policy risks. Of all the major indices, the S&P 500 fared the best, falling 1.42%, while the tech-heavy Nasdaq retreated 3.97% and small caps...
By: William “Billy” Little, Jr., CFA
February 2025
Observations
U.S. equities closed January on a notably positive note after a challenging December, as a broad-based rally lifted key indices within spitting distance of all-time highs. The S&P 500 advanced by 2.70%, the Nasdaq climbed 1.64%, and the Russell 2000 recovered with...
By: William “Billy” Little, Jr., CFA
January 2025
Observations
December painted a mixed picture across U.S. financial markets with varied performance among major indices. The S&P 500 declined by 2.50%, while the small-cap Russell 2000 suffered a sharp 8.40% loss and nearly gave back all of November’s huge gains.
By: William “Billy” Little, Jr., CFA
December 2024
Observations
The momentum in stocks showed no signs of slowing down, as November delivered a strong rally across U.S. equity markets, characterized by broad participation. The S&P 500 rose 5.73%, and the Nasdaq Composite advanced 6.21%.
By: William “Billy” Little, Jr., CFA
November 2024
Observations
Major U.S. equity markets experienced some consolidation in October after several months of upward momentum. The S&P 500 broke a streak of five consecutive monthly gains, declining 0.99%.
By: William “Billy” Little, Jr., CFA