by Robert Cagliola, CFA and Robert Hahn, CFA, on April 02, 2023
“No matter how long the Winter, Spring is sure to follow.” Following a volatile 2022, the preceding English proverb comes to mind. The first quarter started strong out of the …
Read Storyby Robert Cagliola, CFA and Robert Hahn, CFA, on January 02, 2023
To say the least, 2022 has been a very challenging year in many respects. For the markets, the benign investing environment quickly changed from one characterized by exceptional liquidity provided …
Read Storyby Robert Cagliola, CFA and Robert Hahn, CFA, on October 02, 2022
The third quarter is best summed up by the famous Dickens quote from A Tale of Two Cities: “It was the best of times. It was the worst of times” …
Read Storyby Robert Cagliola, CFA and Robert Hahn, CFA, on July 23, 2022
The second quarter was marked by exceptional weakness as the S&P 500® declined by 16.4% with very few places to hide. For the first half of the year, the index …
Read Storyby Robert Cagliola, CFA and Robert Hahn, CFA, on July 23, 2022
The second quarter was marked by exceptional weakness as the S&P 500® declined by 16.4% with very few places to hide. For the first half of the year, the index …
Read Storyby Robert Cagliola, CFA, on April 01, 2022
The market, as measured by the S&P 500®, began the new year at all-time highs only to immediately retrace those gains back to May of 2021 levels. In a very …
Read Storyby Robert Hahn, CFA, on January 31, 2022
During the fourth quarter, the market rebounded from the late September pullback with the S&P 500® gaining 11% including dividends and nearly 29% for the year despite the emergence of …
Read Storyby Robert Hahn, CFA, on January 01, 2021
The market continued to surge higher off March lows adding 12.1% to its tally to complete the year. It was really a tale of two markets, pre- and post-election. Through …
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