commentary
Reinhart Week in Review by Madison Investments 01.10.2025
With inflation above target and the labor market exceeding expectations, with 256,000 jobs added in December, the pace of future rate cuts remains unclear. In this Week in Review, the Reinhart Fixed Income Team examines these developments and discusses the potential effects of income tax reductions across nine states.
Read MoreQ4 2024 Market & Economic Review
Download our quarterly communication with market and economics charts, and commentary on events of the previous quarter.
Read MoreMonthly Market Update - January 2025
Despite a dreary December (S&P 500 Index down -2.4%), stock investors had a banner year, up 25.0% for 2024. In a now familiar refrain, rewards were not equally distributed, with the large-cap tech companies known as "The Magnificent Seven" earning 53% of the Index's return for the year. Sector returns fluctuated across the year but ended up with some breadth as seven of the eleven produced double-digit gains.
Read MoreReinhart Week in Review by Madison Investments 12.20.2024
The Fed’s 25 bps rate cut this week came as expected, but updated projections signal fewer rate cuts in 2025, with inflation remaining above target. The Reinhart Fixed Income Team breaks down these developments, along with key economic events in Brazil and Chicago, in this week’s Week in Review.
Read MoreMonthly Market Update - December 2024
The stock market seemed to breathe a sigh of relief with the end of election uncertainty and responded with a strong upward move. The S&P 500 Index advanced 5.9% in November, taking the year-to-date total to 28.1%. This was the biggest monthly gain of the year. Powering the advance was a consensus that the new administration would be business-friendly with regard to corporate taxes and deregulation.
Read MoreQ&A: Steve Carl on Madison Investments at 50 Years and Counting
As we celebrate our 50th anniversary this year, Steve Carl, the chairman of the executive committee at Madison Investments, recently sat down with us for a Q&A. Learn more about his journey here.
Read MoreMonthly Market Update - November 2024
The stock market showed a touch of pre-election uncertainty in October, with the S&P 500 Index slipping -0.9%. Results were mixed with no clear leadership in terms of stock categories. In general, mega caps underperformed, with concerns over valuation and the prospect that returns on massive AI spending might take more time than anticipated. The general economic news was strong. Reports towards the end of the month showed inflation edging toward the Fed's target of 2% while the unemployment rate remained near historic lows.
Read MoreFixed Income Market Update – Third Quarter 2024
The first quarter of 2024 ended with a reversal of mood from the final quarter of 2023. As December wound to a close, Treasury yields moved sharply lower in anticipation of a faster and more aggressive shift toward monetary policy easing.
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.