Volatility increased dramatically after several months of lackluster activity. This year, September lived up to its historical reputation as the worst month for equities.
The Budget and the Debt Ceiling: Federal Spending in the Crosshairs
On September 28th, Treasury Secretary Janet Yellen informed Congress that the government will be unable to pay all of its bills if Congress does not raise the debt ceiling by October 18th.
Too Hot to Handle: What's Ahead for the U.S. HousingMarket?
Prices are so high that some buyers are backing off, but demand remains strong and will outstrip housing supply for the foreseeable future.
August 2021 Market Commentary
Global equity prices were widely mixed in August. Large cap growth stocks continued their year long uptrend but other asset classes, especially small cap and value issues, clearly lagged.
July 2021 Market Commentary
July equity performance was narrowly mixed. There were several steep declines leading to equally steep recoveries, but overall, investors saw little net change in values.
Q2 2021 Market Comments
June was abnormally quiet for equities across the globe despite a few sharp rallies and declines. Most markets were narrowly changed in the month.
May 2021 Market Commentary
May was a modest extension of the positive pattern that has been in place most of this year. Domestic Value indexes still lead all YTD performers.
Uncertainty Developing
An unexpectedly weak employment report and a jump in inflation at the consumer level were sufficient to derail, at least temporarily, the “recovery bull market” that has persisted since last April.