2023 Third Quarter Review of the Markets

October 19, 2023
Market Commentary The third quarter of 2023 was bumpy for most asset classes. U.S. stocks were among the worst performers, with the S&P 500 falling 3.3% and smaller capitalization stocks generally down more. On a year-to-date basis, however, large cap U.S. stocks remain among the best performing asset classes, with the S&P 500 up 13%. International stocks held up better in their local currencies, although...
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2023 Second Quarter Review of the Markets

July 25, 2023
Market Commentary U.S. stocks continued higher during the second quarter as large capitalization growth names, specifically those involved with artificial intelligence, soared. The S&P 500 returned 8.7%. Smaller company stocks increased 5.2% as that segment of the market shrugged off many of the banking-related concerns from the first quarter of this year. International stocks turned in more modest returns for the quarter, increasing 3.4%. Emerging...
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2023 First Quarter Review of the Markets

April 20, 2023
On Banks A key development during the first quarter was the failure of several large U.S. banks, including Silicon Valley Bank (SVB) and Signature Bank, and the subsequent scrutiny on the U.S. banking system. In addition to the bank failures in the U.S., UBS agreed to purchase Credit Suisse, furthering concerns over the banking system. Ultimately, the U.S. saw the second and third largest bank...
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