commentary
Reinhart Week in Review by Madison Investments 10.27.2023
This week delivered strong GDP growth during the third quarter along with high consumer numbers has indicated that the Fed is unlikely to change tune on their “higher for longer” mindset. Read the Reinhart Week in Review here.
Read MoreQ3 2023 Market & Economic Review
Download our quarterly communication with market and economics charts, and commentary on events of the previous quarter.
Read MoreFixed Income Market Update: Third Quarter 2023
After a volatile first half, fixed income investors began the third quarter firmly focused on fundamental data for clues about the future path of monetary policy. Not surprisingly, the Federal Reserve (Fed) stayed true to their word and reiterated that their restrictive policy stance would remain in place until significant headway is made lowering inflationary pressures. Interest rates continued their march higher as economic data releases remained surprisingly strong in the face of meaningfully higher mortgage rates, rising energy costs, and faltering consumer confidence. As we begin the final months of 2023, we are likely approaching the end of a historic, nearly two-year monetary tightening campaign. Yet, lower interest rates may still be some time away.
Read MoreMonthly Market Update - October 2023
As we enter the final quarter of 2023, it’s worth looking back at the often calamitous times we’ve recently experienced. An unparalleled pandemic with its associated lockdowns and supply chain disruptions, the ensuing unprecedented fiscal stimulus shifting into persistent inflation which, in turn, resulted in the sharpest interest rate increases in Federal Reserve history.
Read More2023 Mid-Year U.S. Equity Letter from Haruki Toyama
We are halfway through 2023, and so far the U.S. stock market has continued its rebound from last year’s decline. The S&P 500 Index remains about 5% below its peak reached in January of 2022, so it hasn’t quite yet recovered all of its lost value, but as usual, the market averages don’t always tell the whole story.
Read MoreNAIC's Statutory Accounting Changes for 2024 and 2025
At its 2023 Summer and Fall National Meetings, the National Association of Insurance Commissioners (NAIC) Statutory Accounting Principles (E) Working Group (SAP WG) adopted major investment-related initiatives that will impact U.S. insurers. We outline what we believe to be the most relevant to insurance company investment portfolios, including major reporting changes for structured debt securities.
Read MorePortfolio Manager Q&A - Drew Justman
The S&P 500 is up almost 20% this year, yet dividend paying stocks are not participating in this rally. Read why Dividend Income portfolio manager, Drew Justman, thinks this is and where he sees opportunity in the market moving forward.
Read MoreQ2 2023 Market & Economic Review
Download our quarterly communication with market and economics charts, and commentary on events of the previous quarter.
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“Madison” and/or “Madison Investments” is the unifying tradename of Madison Investment Holdings, Inc., Madison Asset Management, LLC (“MAM”), and Madison Investment Advisors, LLC (“MIA”). MAM and MIA are registered as investment advisers with the U.S. Securities and Exchange Commission. Madison Funds are distributed by MFD Distributor, LLC. MFD Distributor, LLC is registered with the U.S. Securities and Exchange Commission as a broker-dealer and is a member firm of the Financial Industry Regulatory Authority. The home office for each firm listed above is 550 Science Drive, Madison, WI 53711. Madison’s toll-free number is 800-767-0300.
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Any performance data shown represents past performance. Past performance is no guarantee of future results.
Non-deposit investment products are not federally insured, involve investment risk, may lose value and are not obligations of, or guaranteed by, any financial institution. Investment returns and principal value will fluctuate.
This website is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security.