Second Quarter 2022: Nowhere to Run – Nowhere to Hide Major U.S. and global equity indices have shed almost a fifth of their value in the first half of 2022, the third-worst start to the year in the last century for U.S. stocks. Bonds, which have typically acted as a ballast in past selloffs, are … Continue reading Second Quarter 2022 Market Snapshot
On the Governance Functions of Proper Benchmarking A portfolio’s benchmark is a tool that helps a client (asset owner) perform the essential governance function of monitoring the management of its portfolio. While a good benchmark will make this governance function easier, a bad benchmark will make it more difficult. This paper explains what a “good … Continue reading Good and Bad Benchmarks
First Quarter 2022: Rising Prices, Rising Rates, Rising Tensions The stock market’s mild single-digit dip in the first quarter concealed wide swings in bond and commodity markets as investors dealt with the highest inflation readings in 40 years, Russia’s invasion of Ukraine, and a tightening Federal Reserve that increased their number of projected rate hikes … Continue reading First Quarter 2022 Market Snapshot
Download our 2022 Capital Market Assumptions White Paper. Sellwood’s 2022 Capital Market Assumptions portray a more optimistic environment for most asset classes, compared to a year ago. Investor expectations for inflation are a core building block for both market prices and their prospects for future return. Rising inflation expectations contributed to an increase in our … Continue reading 2022 Capital Market Assumptions
Fourth Quarter 2021: There Is No Alternative Global markets shrugged off supply-chain issues, various Covid-19 variants, and higher inflation in the fourth quarter to finish positive for the year, as the bull market that started in the spring of 2020 rolled on. Large-capitalization U.S. stocks continued their dominance as the S&P 500 ticked off 70 … Continue reading Fourth Quarter 2021 Market Snapshot