Crystal Kelly
November 2024
2024 Market Overview “Opportunities Outside the AI Bubble” November 1, 2024 The hallmarks of a bubble: The equity markets continue to power ahead. Echoing the stock market’s rise of 2023, equities as measured by the S&P 500 Index remain dominated by a small number of AI thematic companies. As highlighted below, from the beginning of 2023 through September of this
January 2024
2023 Market Summary “Market Narratives” January 31, 2024 2023 was a surprisingly great year for the equity markets. Following a challenging investing environment from the year prior, stocks as measured by the S&P 500 Index ignored the dour forecasts of Wall Street’s equity strategists and rose over 24% in price. Much of the S&P 500’s rise during 2023 was driven
July 2023
Q2 Market Overview: “Sentiment vs. Fundamentals” July 31, 2023 During the first half of 2023, the equity markets performed remarkably well. The S&P 500 Index had a total return, including dividends, of 16.9%. Technology stocks, as represented by the NASDAQ 100 Index, posted a return more than double the S&P 500 generating a return of 39.1%. It has been an
January 2023
2022 Year in Review: “The Era of Free Money is Over” January 23, 2023 The bubble is unraveling: The financial market storm we have long anticipated arrived with a vengeance just as the calendar turned the page to 2022. In dollar terms, last year had the greatest loss of capital in history as global stocks and bonds lost over $37 trillion
