Market Memo | September 2023
Fall is in the air, and the US stock market has taken its cue, with the S&P 500 index posting the worst month this year, falling 4.77%. Bonds were not much better, falling 2.54% for the month.
Market Memo | August 2023
In the heat of summer, returns across both stocks and bonds were decidedly cold. The main driver of underperformance for the month was expectations of the future path of interest rates.
Market Memo | July 2023
June continued a run of surprising stock market returns for 2023. One month does not make a trend, but it's comforting to see stocks perform positively.