commentary

Reinhart Week in Review by Madison Investments 10.25.2024

This week’s reports had minimal market impact, but next week’s GDP, inflation, and employment data could shape the Fed’s outlook. Meanwhile, Moody’s Ratings downgraded San Francisco’s credit rating due to the city’s weakened economy and depressed commercial real estate. Reinhart Fixed Income discusses these events in their Week in Review.

Reinhart Week in Review by Madison Investments 10.18.2024

September retail sales outpaced expectations, the People’s Bank of China detailed its measures to stabilize equity prices, and hospital municipal bond issuance is surging. Read what Reinhart Fixed Income thinks these events could mean for markets in their Week in Review

Q3 2024 Market & Economic Review

Download our quarterly communication with market and economics charts, and commentary on events of the previous quarter.

Monthly Market Update - October 2024

The stock market opened the month of September with a sharp reality check, falling for four consecutive days before quickly reversing course to reach new all-time highs. The largest catalyst was the Federal Reserve's 50 basis point cut on September 18. The S&P 500 Index was up 2.1% for the month, taking the third quarter return to 5.9% and the year-to-date to a buoyant 22.1%. Meanwhile, bond investors also fared well, with the Bloomberg U.S. Aggregate Bond Index up 1.3% in September.

The U.S. Debt Challenge: A Few Thoughts on Our National Debt and Deficits

Fueled by rising interest costs and mandatory spending, the $1.9 trillion deficit in 2024 is projected to climb to $2.8 trillion per year by 2034. Our fixed income team discusses what these fiscal challenges could mean for the economy and markets.

2024 Mid-Year U.S. Equity Letter from Haruki Toyama

Understanding the Complexities of Insurance Investment Management

Just as with individual investors, pension plans, non-profits and other institutions, insurance companies turn to the capital markets to pursue and secure their future financial stability and viability.

2023 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.