Sellwood Insights Regular, timely updates about our firm, markets, and our investment research.
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January 3, 2024
Fourth Quarter 2023: What Landing? Pessimistic forecasts and a dour economic outlook set the stage for an unexpected stock bull market boom in 2023. Just over a year ago, Chairman Jerome Powell cautioned that “it is likely that restoring price stability will require holding policy at a restrictive level for some time. History cautions strongly … Continue reading Fourth Quarter 2023 Market Snapshot →
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December 20, 2023
In the spirit of the Holiday Season, Sellwood has made a financial contribution to the Oregon Humane Society, where five of Sellwood’s staff members have adopted members of their families. The Oregon Humane Society recently celebrated a record 10,000th pet adoption in this calendar year. OHS offers a wide variety of services from pet adoption, … Continue reading Happy Holidays →
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October 16, 2023
Download (PDF, 358KB) Third Quarter 2023: Markets on Summer Sabbatical Surging yields on longer-term government bonds interrupted the steady market rally that had so far characterized 2023. The Russell 1000, which had been up nearly 20% for the year just two months prior in July, saw its momentum slow, settling for a 13% increase. The … Continue reading Third Quarter 2023 Market Snapshot →
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July 5, 2023
Download (PDF, 715KB) Second Quarter 2023: Don’t Stop Me Now Stocks continued to advance, shaking off the bear market of 2022, as several potential market disruptions failed to materialize. Unexpected global banking sector issues, including the second largest bank failure in U.S. history, were quickly dealt with by U.S. and European regulators, stemming off a … Continue reading Second Quarter 2023 Market Snapshot →
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May 30, 2023
The Treasury yield curve remains persistently inverted, implying that short-term bonds offer higher expected returns than intermediate- or long-term bonds. Given this information, does it make sense for intermediate-term bond investors to seek those higher returns by shortening the duration of their bond portfolios? A Thought Experiment: Two Ways to Hold Bonds for Five Years … Continue reading Bond Investing When the Yield Curve is Inverted →