2023 1st Quarter Investment Management
Happy New Year! The S&P 500 Index up by 7.5%. Russel 1000 Growth was up 14.4 % 5 Year government securities are yielding 3.57% 1 Year treasuries are yielding 4.59% The annual inflation rate inthe U.S. slowed to 5.4% and the unemployment rate remains at...
2022 4th Quarter Review
SUPERBOWL LVII The S&P 500 Index fell 18.1% and the US Aggregate Bond Index dropped 13% in 2022. Developed International and emerging markets declined by double digits in 2022. The Fed raised the federal funds rate seven times in 2022. Once by .25%, twice by .50%...
2022 3rd Quarter Review
GREAT SEASON PADRES! The S&P 500 and US Aggregate Bond Indexes fell nearly 5% each in the third quarter. YTD, the indexes are down 24% and 15% respectively. The Fed raised the federal funds rate by 0.75%, bringing it to a range of 3%-3.25%. The consumer-price...
2022 2nd Quarter Review
ALL STARS UNVEILED The S&P 500 fell over 16% in Q2. For the first 6-months of 2022 the index is down 20%. International equities, as measured by the MSCI EAFE, fell 15.4% in Q2 and 20.3% in the first half of 2022. Bonds dropped 4.7% in Q2 and over 10% for Q1 &...
2022 1st Quarter Review
For a Moderate portfolio (60% stock/40% bond allocation) and an Aggressive portfolio (80% stock/20% bond allocation), the probability of a loss over 5-year rolling periods was 0% (same for the Conservative portfolio with a 30% stock/70% bond allocation). There was an...
2021 4th Quarter Review
SDSU WINS BOWL The S&P 500 finished 2021 up 28.71%, while international equities lagged, up 8.78% Large growth outperformed large value with returns of 27.60% and 25.16%, respectively. Small-cap value exceeded small-cap growth with returns of 28.27% and 2.83%,...
2021 3rd Quarter Review
GO AZTECS! The S&P 500 and Nasdaq indexes fell 4.69% and 5.69% respectively in September. YTD, the indexes are up 16.97% and 14.48% respectively. International equities, as measured by the MSCI EAFE, fell 3.19% in September. YTD, the index is up 6.23%. American...
2021 1st Quarter Review
Q1 CLOSES HIGH The S&P 500 was up 6.17% 1st quarter of 2021. The Wilshire 5000, an index that tracks all actively traded US stocks, was up 2.54%. The Russell 2000 Value Index returned 21.17% outperforming the Russell 2000 Growth Index at 4.88%. 1st quarter of...
2020 4th Quarter Review
Q4 FINISHES AHEAD The S&P 500 and Nasdaq finished the quarter up 12.15% and 15.63%, respectively. For the year, the S&P gained 18.4%. Nasdaq was up 44.92% Growth outpaced Value for the year with gains of 38.5% and 2.8%, respectively. Since the market low in...
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