Market Review The S&P 500 gained 2.3% in the third quarter, closing the quarter at 7,652, with record highs set along the way. Despite hitting record highs, U.S. stocks largely traded sideways over the summer. Despite the narrow range of the broader index, sector returns diverged in the quarter—energy, technology and communication services were the […]
Read MoreMarket Review The second quarter of 2026 was a sharp reversal of the first. Just three months ago, the first quarter had delivered a decline of 5% in the S&P 500. But what followed in the second quarter was a round trip in risk assets. The S&P 500 returned 10.5% in April, its best month […]
Read MoreMarket Review U.S. Stocks (S&P 500 outpaced foreign Index) underperformed foreign stocks in the first quarter. U.S. large-cap stocks trailed during January and February but have stocks (MSCI ACWI ex. U.S. Index) since the Iranian conflict started at the end of February. Much of the decline in stocks so far has come from multiple compression […]
Read MoreMarket Review U.S. Stocks (S&P 500 Index) continued to grind higher thanks to strength in corporate earnings. U.S. large cap stocks gained 2.7% in the quarter—bringing their calendar year gain to 17.9%. Returns continue to be driven by stocks in the tech sector, lifted by the optimism around Ai-driven investment themes. U.S. small cap stocks […]
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Market Review U.S. Stocks (S&P 500 Index) continued to climb the wall of worry in the third quarter, gaining over 8%. Returns continue to be driven by stocks in the tech sector, lifted by the optimism around Ai-driven investment themes. The rally extended to U.S. small cap stocks (Russell 2000), which ended the quarter up […]
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Market Review U.S. Stocks (S&P 500 Index) rebounded strongly in the second quarter, gaining nearly 11% on the back of continued earnings strength in the technology and communications sectors. The tech heavy Russell 1k Growth Index posted even stronger returns, gaining nearly 18%, lifted by optimism around Ai-driven investment themes. Smaller cap stocks (Russell 2k […]
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