The Tandem Report — A quarterly client-centric newsletter that contains our current views and news.

If you listen quite closely, you may be able to hear the sound of the Magnificent Seven deflating ever so slightly. The Magnificent Seven was anything but Magnificent last quarter.

With 2024 now in the books, it was certainly another good year for the S&P 500. The index gained more than 20% for the second consecutive year and the third time in the past four years.

The stock market continued its impressive run in the third quarter—albeit with a small hiccup in early August. The S&P 500 closed 5.5% higher, which brought the year-to-date gain through September to nearly 21%.

The first half of the year is now in the rearview mirror. And, the first six months of 2024 marked one of the strongest rallies to start the year since the lead up to the dotcom bubble in the late 90s.

Rising more than 10% since the end of 2023, the S&P 500 is off to its best start since 2019. The path of least resistance has been higher on the backs of AI, the diminishing likelihood of a recession, and the strength...

On January 2nd, 2023, the Wall Street Journal published an article that discussed the fact that more than two-thirds of economists at a collection of large financial institutions bet that the U.S. would have a recession in 2023. These firms said that...

Three quarters of the way through the year and it has certainly been an unusual one thus far. If one were to just look at headline numbers, it would probably be a pretty satisfying picture.

The first half of 2023 is officially in the books, and what a remarkable start to the year it has been. The Nasdaq experienced its best start to the year since the early 80s, surging 32% in the first 6 months of...

The U.S. stock market continues to be extremely volatile, taking its cues from interest rates and the strength of the U.S. Dollar. As evidenced by the chart of the S&P 500 below, the last 12 months have been quite the bumpy ride.

Thankfully, 2022 has come to a close. The severely turbulent year brought an end to the short-lived post-COVID bull market.

The third quarter was a tale of two markets. From June 30th through August 16th, the S&P 500 rallied 14%. Things were actually starting to feel good again for investors.

The first half of the year is now in the books, and with that comes a welcome new quarter. The previous six months have been especially tough for many investors. In fact, 2022 had the worst opening half to a year since...