We’re back with Episode 19 of Tandem Talk – for having nothing to say, we sure do have a lot to talk about! Tune in as we discuss the unprecedented levels of market narrowness and overconcentration investors are faced with today. What has happened to the S&P 500? Are markets changed forever? Is it really different “this time”? If history (or probability) is any indication, it’s not. Later, we revisit the “Lost Decade” of the aughts, and recount lessons learned. The takeaway is quite simple: if you invest like everyone else, during boom times you will boom, and during bust expect to bust. But hard times in the index does not mean hard times for all stocks, or all investors either.
Disclaimer: Tandem Investment Advisors, Inc. is an SEC registered investment advisor.
This podcast is for informational purposes only and shall not constitute or be considered financial, tax or investment advice, or an offer to sell, or a solicitation of an offer to buy any product, service, or security. Tandem Investment Advisors, Inc. does not represent that the securities, products, or services discussed on this podcast are suitable for any particular investor. Indices are unmanaged and not available for direct investment. Please consult your financial advisor before making any investment decisions. Past performance is no guarantee of future results. All past portfolio purchases and sales are available upon request.
All performance figures, data points, charts and graphs contained in this report are derived from publicly available sources believed to be reliable. Tandem makes no representation as to the accuracy of these numbers, nor should they be construed as any representation of past or future performance.
Podcast Inquiries:
Please email Elaine Natoli at [email protected].
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More Commentary
Notes from the Trading Desk
U.S. stocks retreated from all-time highs last week, though both the S&P 500 and Nasdaq remain near record levels set earlier this month. The Nasdaq closed relatively unchanged, down 0.08% on the week, while the S&P 500 slid 0.31% and the Russell...
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%.
Notes from the Trading Desk
U.S. equities treaded water during last week’s holiday shortened-trading week. Escalating tensions in the Middle East remained a key focus, while market participants also weighed the latest economic projections from the Federal Reserve’s June meeting.