Written communications from various members of our team.
Happy New Year, and Happy End of a Decade—and a pretty blow-out one at that. We find it both nostalgic and fruitful to look back at the past decade because it can help us refine and adjust our perspective for the year (and decade) to come.
Inter- and intraday volatility was a far too common occurrence this quarter—the market swung in both directions on an almost daily basis, but the swings were fortunately relatively range-bound. Quarter-end was an accurate portrayal of this range-bound volatility, with the S&P 500 Index settling out at +1.7%.
Bond Market OverviewOctober 15, 2019By John Trentacoste "In the middle of 2018, I said that the more things changed, the more they seemed to stay the same. That was not the case for July through September of this year. " It was a busy third quarter. In my inaugural...
“If the flap of a butterfly’s wings can be instrumental in generating a tornado, it can equally well be instrumental in preventing a tornado.”
What it is, how it works, and when to claim it.
In reversing some of the steadier seas seen in the first quarter, the second quarter of 2019 marked a return to a volatile environment more closely resembling the tail end of 2018. Despite a peak-to-trough decline in the S&P 500 in May (by about 7%), little changed in aggregate as markets subsequently recovered and ended the quarter up just under 4%.