commentary
Monthly Market Update - April 2025
Our February observation of investment uncertainty has morphed in a month into market cliché. This environment dragged the S&P 500 Index to a -5.6% loss in March, taking the year-to-date and first quarter return to -4.3%. Consumer and business sentiment plummeted, reflecting a number of concerns topped by the threat of tariffs and their repercussions. For much of March, investors looked to April 2 for clarity, the date President Trump promised to announce tariff policies. But as many feared, the revelations raised more questions than they answered.
Read MoreReinhart Week in Review by Madison Investments 03.28.2025
Fed stays patient amid elevated uncertainty, retail sales show mixed signals, and Moody's downgrades the outlook for U.S. higher education. Read more in this week's Reinhart Week In Review.
Read MoreReinhart Week in Review by Madison Investments 03.21.2025
Fed stays patient amid elevated uncertainty, retail sales show mixed signals, and Moody's downgrades the outlook for U.S. higher education. Read more in this week's Reinhart Week In Review.
Read MoreReinhart Week in Review by Madison Investments 03.14.2025
In this week's Week in Review, the Reinhart Fixed Income Team discusses February's inflation data moving closer to the Fed’s 2% goal, Germany’s plan to lift debt caps, and strong municipal issuance. Read how these events could impact markets here.
Read MoreMonthly Market Update - March 2025
A well-worn phrase states that the stock market hates uncertainty. February was a case in point, as the S&P 500 Index dipped -1.3%. This brought the year-to-date index return to 1.4%, though the gain feels increasingly fragile. While there appear to be no deep cracks in what remains a fundamentally strong domestic economy, there were reasons for concern. As tariffs moved from negotiating strategy towards implementation, economists and corporate leaders scrambled to ascertain the complex impacts.
Read MoreMonthly Market Update - February 2025
The tailwinds of a strong 2024 combined with optimism for 2025 gave the stock market a broad boost in January, with the S&P 500 Index up 2.8%. Real GDP growth for 2024 is now projected at about 2.8%, well above the long-term trend of 2%, and for another year of 2%+ growth in 2025. Fourth quarter S&P 500 corporate profits showed a robust 13% year-over-year growth rate. The job market remained solid, consumer spending held strong, and manufacturing, long in contraction, began to slowly work its way back to growth.
Read More2025 Outlook & Positioning
What does 2025 hold for investors? US economic resilience, a strong dollar, and higher-for-longer rates remain dominant themes - but shifting economic policies could bring new market dynamics. Head of Multi-Asset Solutions, Patrick Ryan, and Portfolio Manager Stuart Dybdahl, share key insights on how to navigate the year ahead.
Read More2024 Year-End U.S. Equity Letter from Haruki Toyama
Haruki Toyama, Portfolio Manager and Head of Large and Mid Cap Equity, shares his perspective on market performance, the 'Elite Eight', and new investments.
Read More
“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.
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 and is not investment advice.
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 and is not investment advice.