Insights: Federal Reserve Tightening, Corporate Earnings, and Russian-Ukraine Tensions

January was a difficult month for financial markets, caused primarily by expectations of tighter monetary policy by the Federal Reserve and a soft start to corporate earnings season. The Russia-Ukraine tensions provided an additional source of uncertainty for markets. While we observed some recent downside in equity markets, we remain encouraged by the strong economic | Read More +



Sage 2022 Investment Outlook

Introduction: 2021, A Year of Strong Performance Through Uncertainty Stock markets generated strong returns in 2021, while the performance of bonds was mediocre. Following the 2020 U.S. elections, many investors expected higher taxes and a difficult environment for corporations. Instead, corporations registered staggering profit growth, navigating through choppy markets fraught with pandemic-related economic issues (e.g., | Read More +



Insights: Market Volatility in November, Omicron, and Tapering

In November, stocks moved lower, and bonds provided a positive return as market participants responded to the uncertainty around the Omicron variant of COVID and the Federal Reserve’s statements that it may speed up tapering in response to inflation and strong employment. The MSCI ACWI Index, which represents global equities (i.e., both U.S. and international | Read More +



Insights: A Strong Start to the Fourth Quarter and A Close Look at Inflation

In October, stocks started the fourth quarter on a strong note, while bonds retreated modestly as market participants positioned portfolios for the final months of 2021. The MSCI ACWI Index, which represents global equities (i.e., both U.S. and international stocks), advanced by 5.10% in October, the U.S. large-cap Russell 1000 Index rose 6.94%, the U.S. | Read More +



Insights: Market Commentary for September 2021 and a Look Ahead

The month of September saw stocks and bonds move lower as market participants responded to the Federal Reserve’s decision to likely begin tapering monthly bond purchases toward the end of Q4, the ongoing Evergrande situation in China, and upcoming policy decisions out of Washington, D.C. The MSCI ACWI Index, which represents global equities (i.e., both | Read More +



Insights: What Drove the Markets in August

Financial markets were generally positive in August as equities advanced, bonds were mixed, and the optimistic economic backdrop continued despite uncertainty regarding the Delta variant of the novel coronavirus.  The MSCI ACWI Index, which represents global equities (i.e., both U.S. and international stocks), advanced by 2.50% in August, the U.S. large-cap Russell 1000 Index rose | Read More +



Insights: U.S. Corporate Earnings, Inflation, COVID Trends, Infrastructure, and Chinese Regulations

Financial markets were generally stable in July, supported by a positive economic backdrop. The MSCI ACWI Index, which represents global equities (i.e., both U.S. and international stocks), advanced by 0.69% in July, the U.S. large-cap Russell 1000 Index rose 2.08%, the U.S. small-cap Russell 2000 Index fell by 3.61%, and the MSCI ACWI Ex-USA Index | Read More +



Insights: Revisiting 2021 Themes and Second Half Outlook

The equity markets performed well in June, supported by continued positive developments throughout the global economy. Equities have performed exceptionally well through the first half of the year, while bonds have been mixed. The MSCI ACWI Index, which represents global equities (i.e., both U.S. and international stocks), advanced by 12.56% in the first half of | Read More +