“March Madness” will probably be a widely used moniker for the last month in financial markets. Despite the growing macroeconomic risk that arose from the Silicon Valley Bank and Credit Suisse fallout, volatile markets ended with positive total returns in major asset classes. The Piton team continues to offer customized portfolios and solutions to meet your needs through all market and interest rate environments. Please let us know how we can help you and your clients, we are here to serve as an extension of your team.

Piton announced that three of their investment strategies are now available on SMArtX Advisory Solutions (“SMArtX”), a leading innovator in unified managed accounts (UMA) technology and architect of the SMArtX turnkey asset management platform (TAMP).

The events over the past week remind us that the primary tenent of cash is safety. Uninsured balances and liquidity considerations at certain financial institutions carry risk. Piton offers diversified, customized cash management solutions with a focus on safety, liquidity and yield.

Equity and fixed income markets showed some mean reversion last month after a stellar start to the year. Stock markets fell despite some standout earnings. Bond yields rose sharply as economic and inflation data came in hotter than expected. The FOMC raised rates, as did other central banks, and leaned in on further monetary tightening to combat inflation.

Both equity and bond markets notched excellent January returns to kick off 2023. Despite mixed earnings and an expected vigilant Fed, lower economic/inflation figures and job cut headlines gave investors solace that the tightening cycle will be ending soon.

Both equity and bond markets reversed course from November’s rally as a vigilant Federal Reserve and projections of higher rates for longer weighed on prices.