Market Perspective

Expectations vs Reality

2023’s year-end rally helped mark the S&P 500® Index’s sixth strongest annual return in the last 25 years, seemingly fueled by optimism surrounding the direction ...
Read More →

The Quality Factor

Investors chase various goals, but often diversification is key and high atop minds amid the current stock-bond correlation conundrum...
Read More →

A Correlation Conundrum

Recently, as interest rates have climbed significantly and at a rapid pace, correlation between U.S. long-term government bonds and U.S. large cap stocks reached heights...
Read More →

Don’t Get Caught with Your Shorts Down

Shorting vs Selling Volatility – What’s The Difference?So far in 2023 there has been an abundance of headlines driving persistent uncertainty. Risks abound in light ...
Read More →

Protection For Less

Higher Rates Lower Protection CostsInterest rates resumed their climb in August, after a reprieve in July, shifting the yield curve higher. For perspective, the 2-Year ...
Read More →

A New Environment Supports a Strong First Half

Despite overwhelming expectations of doom and gloom at the beginning of 2023, the equity market had an excellent first half of the year (and continued ...
Read More →

For the Times, They Have Changed

Uncertainty persists around the path of the U.S. economy despite the expected summer lull. With the Federal Reserve (the Fed) pausing rate hikes at their ...
Read More →

Cuts Can Hurt

There has been much handwringing about the U.S. Federal Reserve’s (the Fed) persistent efforts to tame inflation and tighten monetary policy by increasing interest rates. ...
Read More →

Lower, not Low: An Examination of Recent Volatility Trends

Apart from the spike associated with the Silicon Valley Bank led banking crisis in March 2023, volatility, as measured by the Cboe® Volatility Index (the ...
Read More →

Steady Turbulence

Investors are facing many challenges and a new investment landscape. Equity valuations are lower, but not cheap, and volatility levels have shifted higher. On the ...
Read More →