In today's rapidly evolving economic landscape, understanding financial conditions is essential for investors, policymakers, businesses, and others focused on the health of the economy. Financial conditions refer to a complex mix of financial factors (expressed in indices) that collectively paint a ...
By Alex Oxenham, Co-Chief Investment Officer
The beginning of Q3 2023 kicked off on a high note with the S&P touching a 52-week high on July 31. Yet, the financial climate has shifted since then. The optimistic sentiment that fueled the market's rise over the first seven months of 2023 dissipated quite swiftly. Investors found themselves facin...
The third quarter was a rocky one for small and mid-caps. Performance started out on a positive note, as once again earnings reports were mostly better than expected. As the quarter wore on several concerns weighed on stocks, and while there were some gyrations the overall direction was south. A mél...
Q323 began right where Q223 left off, the markets had a drastic change in sentiment since the S&P 500 reached a 52-week high on July 31. The last three months morphed into a nerve-wracking quarter as investors grappled with a sharp 73bp rise in 10yr interest rates. The move brought the 10yr yield ba...
Despite increasing signs of slowing growth, corporate earnings continue to show resilience. Over the three quarters ending 2Q 2023, earnings revisions, while negative, have beat expectations, contributing to the equity markets’ ongoing buoyancy. More to the point, recent estimates reflect an even ro...
The debate over whether the economy will eventually experience a “hard” or “soft” landing continues to dominate market attention. The extended supply chain dislocations, crippling inflation, and 16 months of Fed (Federal Open Market Committee) policy tightening have all contributed to an atmosphere ...
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