October 3, 2023

September 2023 Returns and Asset Performance

Major Asset Classes September 2023 Performance Comparison Introduction September 2023 returns were negative across many asset groups. U.S. equities declined two months in a row for their first quarterly decline since Q3 2022. In addition, rates on long bonds posted their biggest quarterly advance since 2009.  In response, the US […]
September 11, 2023

3Q.2023 Earnings Update – S&P 500

3Q.2023 Earnings Update – S&P 500 Index Earnings 3Q.2023 earnings for the S&P 500 index are increasing based on a bottom-up consolidaiton of earnings estimates by company.  Change results since June 30 vary widely by company and sector, but the consolidated change for the S&P 500 index is for annual […]
September 1, 2023

August 2023 Returns and Asset Performance

Major Asset Classes August 2023 Performance Comparison Introduction August 2023 returns were negative, ending a 5 month stock market rally.  At one point, the S&P 500 index was down -5.5%, but ended the month down -1.8%. The primary driver of returns was higher borrowing costs , which weighed on the […]
August 2, 2023

July 2023 Returns and Asset Performance

Major Asset Classes July 2023 Performance Comparison Introduction July 2023 returns added to gains seen in June, logging the 5th straight month of gains.  The S&P 500 index was up +3.1% in July and the NASDAQ 100 index up +3.9%, buoyed by resilient GDP growth and a drop in developed […]
July 23, 2023

S&P 500 Earnings Update – 2Q.2023

S&P 500 Earnings Update – 2Q.2023 Index Earnings The S&P 500 earnings seasons for 2Q.2023 is well underway.  Currently, 91 companies or 18% of the index has now reported actual results.  In the upcoming week, a surge of 166 companies will report earnings, taking us to a total of 51% […]
July 9, 2023

ETF Fund Flows: July 7, 2023

ETF Fund Flows – July 07, 2023 ETF fund flows define the net dollar inflows and outflows for exchange traded funds over predefined periods.  Fund flows are useful to identify market trends.  The data broadly reveals the rotations investors make as they shift their funds across different assets, market sectors, […]
July 2, 2023

June 2023 Returns and Asset Performance

Major Asset Classes June 2023 Performance Comparison Introduction June 2023 returns came in strong with the S&P 500 index up +6.5% for the month and the NASDAQ 100 index +6.3%.  In a sign of strong market internals, the small cap S&P 600 Index broke away from the larger market and […]
June 1, 2023

May 2023 Returns and Asset Performance

Major Asset Classes May 2023 Performance Comparison Introduction May 2023 returns were influenced by a high degree of outlook uncertainty.  As a result, returns were lackluster or negative for many assets.  For example, a small number of megacaps helped the S&P 500 Index (+0.2%).  Across the sectors, Information Technology (+8.9%) […]
May 18, 2023

ETF Fund Flows

ETF Fund Flows – May 17, 2023 ETF fund flows define the net dollar inflows and outflows for exchange traded funds.  Fund flows are useful to identify market trends.  The data broadly reveals the rotations investors make as they shift their funds across different assets, market sectors, or indexes.  The […]
May 1, 2023

April 2023 Returns and Asset Performance

Major Asset Classes April 2023 Performance Comparison Introduction April 2023 market returns were favorable for large cap stocks, but were less rewarding for many other asset classes. For example, total returns for the S&P 500 Index (+1.5%) and international large cap stocks (+2.8%) beat the NASDAQ-100 index (-0.1%) and emerging […]