Click Here To View PDF COVID Uncertainty and Accelerating Inflation Increase Market Volatility By Theresa Gusman July 21, 2021 Overview At second quarter end, the S&P 500 was 92% above its March 23, 2020, pandemic low and 27% above its pre-pandemic high (see Figure 1). With vaccination rates rising and economic activity accelerating, we entered […]
Want to learn more about what happened in the Bond Market during the first quarter of 2021? See what Wasmer Schroeder had to say. https://www.firstaffirmative.com/wp-content/uploads/2021/05/S1a3-Quarterly_Bond_Market_Overview.pdf
Back from the Abyss By Theresa Gusman | To View PDF Click Here April 19, 2021 Overview A year ago, we stared into the abyss. We wondered how bad the damage – economic, social, personal, and professional – would be. Now, although challenges remain, ongoing policy support and the quickening pace of vaccine distribution have […]
Stay the Course Overview: As volatility reigned amid COVID-19, fiscal and monetary stimulus, political wrangling, and social unrest, the S&P 500 advanced 18.4% in 2020, following a 31.5% gain in US stocks continued to outperform non-US, growth continued to outperformed value, large capitalization continued to outperform small, and technology continued to dominate in 2020. These […]
A Wild Ride By Theresa Gusman, Chief Investment Officer | Download the PDF Overview It’s been a wild ride – and like the terminus of a dizzying, high-speed roller coaster, we’re right back where we started. After hitting an all-time high in mid-February, plunging 34% from its peak, bouncing in late March, and advancing 20.5% […]
Markets Respond to a Global “Time Out” By Theresa Gusman, Chief Investment Officer The US equity market was persistently hitting new highs following a 31.5% gain last year – until a few weeks ago. This surge drove the Dow Jones Industrial Average to an all-time high of 29,551 on February 12th. Then the bottom fell […]
By Theresa Gusman and Mel Miller | Download the PDF We are going to try and answer the question of “What is an investor to do?” Going into 2020, the economy and the market seemed on reasonably stable ground. Expecting the record-breaking eleven plus years of economic expansion to continue, the stock market, as measured by […]
Buy on the Rumor, Sell on the News By Theresa Gusman, Chief Investment Officer | Download PDF US equities continue to hit new highs. A 9.1% fourth quarter surge propelled the S&P 500 to a 31.5% increase in 2019 – and the index continues to advance. A mixed start to 2019 yielded to strong fourth quarter […]
Earnings and Economic Growth Decelerating, Valuations Stretched – Markets Rising? By Theresa Gusman, Chief Investment Officer | Download PDF US equities continue to hit new highs. After its best first half in 22 years, the S&P 500 posted a 1.7% gain in the third quarter. Global equity markets were mixed. Japanese, European and US equities rose […]
Download PDF Mixed signals: New Highs, Decelerating Earnings Growth, Stretched Valuations By Theresa Gusman US equities continue to hit new highs. The S&P 500 posted its best first half in 22 years, rising 18.5% through the end of June. Stock markets advanced worldwide, with developed and emerging international markets up 14.0% and 10.6%, respectively, year-to-date, […]
