March 29, 2024 US stocks rose steadily during the first quarter, with the S&P 500, NASDAQ, and Dow indices each setting, then repeatedly resetting record highs. Growth stocks led the charge during January and February, before relinquishing the lead to Value stocks in March. The stock market’s strength was impressive, given that multiple reports...
Arbor recently completed its quarterly review and rebalancing of client portfolios. Overall, the rebalancing trades sold stocks and purchased bonds to bring portfolios back to their targeted stock/bond allocations. This is not surprising, given that stocks rallied strongly and outperformed bonds during the fourth quarter. What was surprising was that the type of stocks being...
December 14, 2023 Stronger than expected job growth and a sharp escalation in Mideast tensions pressured both stocks and long-term bonds in October. During November, smaller than expected increases in many price indexes raised expectations that the Fed might be ready to cut interest rates in 2024. This triggered rallies in both stocks and...
The US stock market rallied in July, helped along by better-than-expected economic data and inflation continuing to trend lower. Stocks declined at the start of August due to several factors including a downgrade of the credit rating for US bonds by rating agency Fitch, the US Treasury issuing more government debt than expected, and a conservative...
Although the March failures of Silvergate Bank, Silicon Valley Bank and Signature Bank initially raised concerns about the health of the entire banking system, investors have come to realize that these failures were due to firm-specific causes. The overall banking system was, and continues to be, healthy. Equally important, your Arbor portfolios were, and continue...
Cash is what most of us look at as our most liquid of assets. We measure it every time we open our wallets or look at our checking and savings balances. It has become a very popular topic in the last year for many reasons, including that asset liquidity and near-cash investments have been growing...
Financial markets began 2023 with a strong January rally propelled by hope that central banks would soon declare victory over inflation. During February, stocks and bonds gave up most of these gains as larger than expected consumer price increases prompted Federal Reserve officials to declare that interest rates would need to move higher, and remain...
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