Most major asset classes posted positive returns during the year’s first seven months, and investors enjoyed a respite. This momentum eased, however, in August as higher interest rates prompted concerns about the economy’s health. In this edition of Insights, we take a closer look at recent market performance and discuss the concerns in the market, | Read More +
Category: Insights
Sage Insights: A Mid-Summer Look at the Markets, Inflation & Earnings Season
July was a continuation of the markets’ positive trajectory during the first half of the year. Financial markets extended their 2023 ascent last month, supported by inflation easing to the slowest year-over-year rate in more than two years. While the Federal Reserve raised rates to the highest level in 22 years, strong consumer confidence and | Read More +
Sage Insights: Getting Back on Track in 2023
Late last year, when we sat down to write the Sage 2023 Investment Outlook, we reflected on a year that tested investors’ resilience, patience, and focus. At that time, we anticipated that financial market conditions would normalize in 2023, albeit against a harsher economic backdrop. Indeed, in the first half of this year, we have | Read More +
Sage Insights: Take It To the Limit
Negotiators from both political parties pushed debt ceiling brinkmanship to the limit yet again. This topic seems to emerge every few years, and this year raised the possibility that the U.S. could default on its outstanding debt. Fortunately, a resolution was agreed upon over the long Memorial Day weekend to raise the U.S. debt limit | Read More +
Sage Insights: Taking Stock of Today’s Climate
In April, markets continued their strong start to 2023, supported by solid corporate earnings, key macroeconomic data, and the ongoing resolution of several failed banking institutions. While there were a few exceptions, overall, the markets performed well. April is one of the few months when the Federal Open Market Committee (FOMC) does not convene to | Read More +
Sage Insights: March Madness in the Banking Sector
The month of March began with investors anticipating substantial policy actions from the Federal Reserve due to its increased focus on inflation. However, this swiftly changed as U.S. and global regulators stepped in to provide stabilizing intervention at five banks. Looking toward April, while risks remain, we are cautiously optimistic regarding the actions by regulators | Read More +
Sage Insights: Strong U.S. Economic Data and the Geopolitical Climate Stall Market Momentum
January’s market momentum failed to carry over into February as stocks and bonds relinquished some of the year’s gains. While investment returns remain positive overall, uncertainty surrounding the path of Federal Reserve policy and the geopolitical climate weighed on the markets. The economy continues to offer mixed signals in certain segments, and, as we shared | Read More +
Sage Insights: Central Banks Slow Hikes, Corporate America Kicks off Earnings Season, and Long-Term Perspectives on the Debt Ceiling
Financial markets started 2023 on a positive note as stocks and bonds both saw gains in January. It was a welcomed change as many investors hope to put 2022 firmly in the rearview mirror. As shared in our annual outlook, we forecast that 2023 will be a year of more normalized market conditions, albeit against | Read More +
Sage Insights: Markets Bounce as Economic Growth Slows and China Adjusts Its COVID Policy
In November, financial markets recovered some of the ground lost during the previous ten months. This was the second straight month of positive returns for equities, which is encouraging in a year with no shortage of challenges. At the same time, bond returns had their strongest single month of 2022 in November. As we look | Read More +
Sage Insights: Federal Reserve Rate Hikes Persist, Political Volatility in China, and Perspective on the Journey of Investing
October was a very strong, yet volatile, month for the equity markets driven by aggregate positive corporate earnings. Bonds prices declined modestly as interest rates continued to rise. For most investors, this widespread historic selloff has created bumps in their investment journeys, underscoring the value of custom investment plans. The unfortunate reality is that large | Read More +
