Insights & Education

Equity and fixed income markets showed some mean reversion last month after a stellar start to the year.

Both equity and bond markets notched excellent January returns to kick off 2023.

Both equity and bond markets reversed course from November’s rally.

Both equity and bond markets rallied sharply in November as softer-than-expected inflation data was a pivotal catalyst.

Both equity and bond markets began Q422 with lower prices and saw significant a significant turnaround as the month progressed.

Markets remained depressed as the third quarter of 2022 ended.

The summer Jackson Hole Economic Symposium delivers once again…in terms of market volatility.

Both equity and fixed income markets had strong rebounds in July as the Fed raised rates another 75 basis points.

June capped off a historically negative quarter in financial markets, as the Federal Reserve lifted the Federal Funds rate to 1.75%.

While May remained tumultuous in both equity and fixed income markets, the “falling knife” took a pause last month.

Yields rose once again across the curve, and equity markets continued to give back large portions of 2021 gains.

Markets had a lot to digest throughout the long month of March.

Russia attacks Ukraine. On February 21st Russia officially recognized two self-proclaimed states in the Donbas.

The New Year began with a strong bearish tone as global markets in both fixed income and equities saw a sharp “re-pricing” lower.

December was a fitting end to global markets for calendar year 2021. A strong “risk-on” theme was present despite mixed macro catalysts.

November was full of market volatility led by global interest rates.

Equity markets regained their dominance for the year, posting the best monthly performance of 2021, following the worst monthly performance

September proved to be a cautionary month for both equity and fixed income markets.

The equity market run-up continued in August as liquidity continues to drive investment.

July was a positive month - economic growth was solid, initial stages of a compromised infrastructure bill boosted equities.

Summer began with choppy markets as the FOMC gave markets a small pivot at their June meeting.

May 2021 may be remembered as the “great unmasking” in the U.S. Markets continued to grind higher thanks to abundant liquidity.

The strong economic backdrop, sharp rebound in demand year-over-year, good corporate earnings reports, and positive vaccination.

March put an exclamation point on the major macro trends we have seen in the markets over the last several months.