2024

Illustration of chess game with magnificent seven logos and

How Are the Magnificent 7 Faring Through Earnings Season?

The S&P 500 closed last week down 0.42% ending a five-week winning streak and pulling back from a string of record-breaking highs. The dour mood continued into the beginning of this week and the S&P 500 only barely squeaked out a positive return in the last few minutes of trading on Wednesday leading up to the Nvidia earnings release only to turn on a dime and power back on Thursday. There are explanations for this activity which I’ll explore below. However, the bottom line is that volatility is back in the markets, and we are seeing that in the reactions to earnings announcements this quarter. As of Wednesday night, the companies dubbed the Magnificent 7 have all reported earnings and they seem as good an example as any to explore how changing expectations are impacting stock prices.

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Should Investors Worry About the U.S. Presidential Election?

Investing in an Election Year: Should Investors Worry About the U.S. Presidential Election?

Should Investors Worry About the U.S. Presidential Election? Happy New Year, everyone! I know we’re already nearly a month into 2024, but this is my first article to our clients in the new year and I just took down my Christmas tree embarrassingly late in January, so it still feels appropriate. At the beginning of every year, the financial media is awash in market forecasts. It should come as no surprise that I am not one for market predictions, but it is valuable to consider the developments so far in 2024, understand the market environment we find ourselves in today, and think about the challenges and opportunities the coming year may have in store. One topic I expect to come up in conversation this year is the upcoming U.S. presidential election. Throughout my career, every presidential election cycle has brought fresh anxiety for investors and questions about what a given election outcome might mean for the markets. So, we’ll consider that question today and hopefully avoid some apprehension later.

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