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Reinhart Week in Review by Madison Investments 3.15.2024
This week our Reinhart team looked at inflation reporting supporting the Fed's case for delaying interest rate cuts, the Bank of Japan trending towards taking rates positive, and declining tax revenue across many states. Read all their thoughts here.
Read MoreReinhart Week in Review by Madison Investments 3.8.2024
The February Jobs report showed that the employment sector remains relatively strong, Fed Chairman Jerome Powell provided his semiannual report to Congress, and China announced its GDP goal for 2024. Read this news and more in the Reinhart Fixed Income team's Week in Review.
Read MoreMonthly Market Update - March 2024
The S&P 500 Index rose 5.2% in February, hitting a new all-time high, with a year-to-date increase of 7.1%. The tech-heavy NASDAQ also hit a new high. So far this year, the “Magnificent Seven,” which powered index returns in 2023, has lost some luster, although market advances continue to be fueled by a small number of technology-centric stocks. Meanwhile, the broader market has shown improved strength.
Read MoreMonthly Market Update - February 2024
Following extremely strong months for stock and bonds in late 2023, January proved a more moderate month. While the S&P 500 Index's return of 1.7% suggests a solid month for stock investors, the equal-weighted return of the index was negative (-0.8%), while midcap and small cap stocks suffered even more. It was the familiar story of index returns driven by a handful of mega-cap stocks. A sense of the disparities was evident in fourth quarter corporate earnings reports, which have been highly bifurcated by sector.
Read More2023 Year-End U.S. Equity Letter from Haruki Toyama
The U.S. stock market had a good year in 2023. The S&P 500 Index recovered all of its 2022 decline, and slightly more, ending the year up 26.3%. The story of the year was the glaring concentration of returns in the Magnificent Seven, as the press has dubbed them. These seven megacap technology stocks returned an average of 111.7% for the year, accounting for well over half of the total return of the S&P 500.
Read MoreQ4 2023 Market & Economic Review
Download our quarterly communication with market and economics charts, and commentary on events of the previous quarter.
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.
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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.
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.