Market Highlights

In the first half of 2023, the stock market’s 17% return outperformed expectations. However, these gains were driven by the superior performance of only a few stocks who investors see as beneficiaries of recent advances in artificial intelligence. Since the overwhelming majority of the stock market has been directionless, we look to the bond market, which

Relative Calm for the Stock Market The stock market has been more calm in 2023 than last year, with the range between the market’s high and low about half what we saw for each quarter of 2022. A “range-bound” market suggests there is disagreement about which direction the market should be heading. Which narrative will

Silicon Valley Bank failed last week when it experienced a “bank run” where many customers who had deposited money all requested to withdraw that money simultaneously.  While the bank had much of its own assets in safe investments like treasury bonds and government-backed mortgage securities, it was vulnerable because it failed to adequately manage other

Congress recently passed the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act. Whether you’re working or already retired, you are likely affected by some big changes to retirement accounts. The hope is that these changes can help encourage more people to save for retirement by making retirement saving more accessible and properly incentivized.

In 2022, financial markets were driven predominantly by high inflation and