Midyear Banking Review
Stock Market Commentary - The S&P 500 Index fell 3.30% during the third quarter of 2023, with growth stocks losing slightly less than value stocks. Interest rate–sensitive stocks in the utilities and real estate sectors...more
Stock Market Commentary - Stocks struggled during the first half of 2022 as shifts in monetary policy, the war in Ukraine, an energy shock, and a worsening growth outlook in China unsettled markets. As of June 30th, the...more
Stock Market Commentary - Thanks in part to vaccine rollouts, reopening, and monetary stimulus, the U.S. economy looks to be back on track. Along with the recovering economy, solid corporate balance sheets and robust...more
Stock Market Commentary - Through July and August, the U.S. stock market continued its recovery as lockdowns eased, economic data was better than expected, and the Federal Reserve stated its intent to keep rates low until at...more
The start of 2020 continued the trend of 2019, with the S&P 500 rising 4% before hitting an all-time high on February 19. From there, the index fell sharply as investors responded to the reality that COVID-19 would cause the...more
When 2019 began, the U.S. stock market had just hit the bottom of a 20% correction. An escalating trade war and rising interest rate worries were top of mind, and predictions of a looming recession were becoming more common....more
Stock Market Commentary - Trade and interest rates continued to be the headline market movers for the third quarter. In late July, as expected, the Fed cut rates a quarter percent and recommitted to "act as appropriate"...more
Stock Market Commentary - U.S. equity markets extended their run through April, buoyed by the Fed’s prior decision to pause on more rate hikes this year. In early May, however, reports of stalling trade talks between...more
Stock Market Commentary - The third quarter of 2017 brought the devastation of multiple hurricanes, escalating tensions with North Korea, the Equifax breach and more White House drama. Yet, investors focused on positive...more