Mark Gordon | April 27, 2026
The first quarter of 2026 left many investors uneasy. Although equity returns were modestly negative – global stocks dropped 3%1 – many of our clients have grown increasingly worried. We’re not surprised. In late February, the United States began a bombing campaign in Iran.2
Mark Gordon | October 21, 2025
At the end of 2023, most analysts expected the US Federal Reserve (the “Fed”) to cut interest rates multiple times this year. As we discussed in our previous market review, however, the Fed refrained from cutting rates this year due to inflation concerns. Last quarter, the Fed did finally lower rates by a more-than-expected 0.5%.
Mark Gordon | April 28, 2025
At the end of 2023, most analysts expected the US Federal Reserve (the “Fed”) to cut interest rates multiple times this year. As we discussed in our previous market review, however, the Fed refrained from cutting rates this year due to inflation concerns. Last quarter, the Fed did finally lower rates by a more-than-expected 0.5%.
Mark Gordon | October 19, 2024
At the end of 2023, most analysts expected the US Federal Reserve (the “Fed”) to cut interest rates multiple times this year. As we discussed in our previous market review, however, the Fed refrained from cutting rates this year due to inflation concerns. Last quarter, the Fed did finally lower rates by a more-than-expected 0.5%.
Mark Gordon | July 19, 2024
2024’s second quarter provided a mixed bag for equity investors. At first blush, the equity returns appear solid: global stocks rose almost 3%. Like last quarter, US stocks (up 4.3%) beat foreign-developed markets (down a fraction of a percent). Emerging-markets equities, recent laggards, showed surprising strength with a gain of 5%.
Mark Gordon | April 19, 2024
Nvidia is such a highflyer that it is threatening to outpace the rest of the Magnificent Seven the same way the Magnificent Seven have outpaced the rest of the S&P 500…
Mark Gordon | August 2, 2023
Last quarter treated investors to continuing strong equity returns. Global equites rose over 6% and are now up nearly 14% as of the end of June. Domestic equities saw particularly strong gains: nearly 9% for the second quarter. Global bond markets held their value: US bonds were down less than 1% and foreign bonds were up less than 1%.
Mark Gordon | May 22, 2023
Over the past several weeks, we’ve seen daily stories about the United States’ “debt ceiling” and whether the US might default on its debt. We’ve been working on a debt-ceiling explainer, but a recent conversation with a client has changed our focus.
Mark Gordon | April 25, 2023
Last quarter we reviewed 2022 equity returns. Although most equity indices went down last year, we saw that diversifying stock portfolios by adding small and value stocks likely helped blunt the bear market blow.¹ Today we’d like to follow up by reviewing bond returns of 2022. But first, a quick look at the capital-market returns from this past quarter.
