The first half of May felt like a solid continuation of the rally that started in the 2nd half of April (after the messy, tariff-driven market madness). However, since mid-May several US market indexes are slightly negative. So the rally is starting to show...
April 2025 Market Commentary
The month of April brought continued volatility, largely driven by headlines – so much so that the fundamental and technical views of the market didn’t provide much helpful guidance. And while there is a lot of debate as to how the current economic situation (mostly...
March 2025 Market Commentary
The month of March gave us something we haven’t seen since 2022 – a 10% pullback in the S&P 500. And while that can feel pretty brutal while it is happening, we’ve seen it recover about half of that drop already. The question now is: Can the market return to new...
February 2025 Market Commentary
The market volatility continues! After a positive January that recovered December losses, we’re now seeing another market pull-back that has the S&P 500 Index back below even for the month of February. But so far, this is all just in-line with what typical...
January 2025 Market Commentary
The new year is off to a volatile start. It's not exactly bad, but it's not that great either. If you look at January by itself, the market looks strong. But if you look at it next to December or even back to November, the S&P 500 hasn’t made much progress...
December 2024 Market Commentary
2024 has been a surprisingly mixed year. While the main US indexes (the S&P 500 and NASDAQ-100) showed solid performance, most diversification beyond these two indexes did little to help portfolios. The US Small Cap, International, and Emerging Markets Indexes all...
November 2024 Market Commentary
Here we are, in the final stretch of 2024. And with both the US election and the Federal Reserve’s interest rate decisions (mostly) behind us, we should now be able to finish the year on a positive note. Historically, we are now in the best 3 months for the stock...
October 2024 Market Commentary
Usually, this time of year is much more volatile than what we’ve seen so far. And quite often September and October are the months that have the biggest market drawdowns or biggest sell-offs in any given year. But this year? Nope, this fall has been surprisingly...
September 2024 Market Commentary
Volatility (often measured by the VIX index) has been relatively higher since mid-July, as expected for this part of the year. However, the stock market indexes haven’t been down as much as Seasonality would normally suggest this far into September. That’s not to say...
August 2024 Market Commentary
Things are getting interesting out there in the market. August started off with a drastic sell-off, led by the NASDAQ and Technology sectors. Other indexes like the S&P 500 and Russell 2000, and even bond indexes, eventually followed. Then, as if there was no...
July 2024 Market Commentary
The second half of 2024 started off well enough for most global stock markets. That is, until we hit mid-month, and what had been the clear leaders so far this year became the weakest parts of the market. Technology and Communication sectors had been exceptionally...
June 2024 Market Commentary
We are just about at the halfway point of 2024, and so far, there is a surprisingly large rift between what is working and what is not. It should be of no surprise that any index that has included Nvidia (NVDA) stock has done well this year. And if not, then not so...


