Weekly Market Recap | March 11, 2024

Week in Review Equity Markets: The S&P 500 finished the week fractionally lower at -0.23% as recent winners dragged the market lower. The Russell 1000 Growth finished the week down 1.27% while its value counterpart finished the week in the green by 1.12%1. Small caps also reversed the recent trend with the Russell 2000 finishing the week up 0.34%. 99%…

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Did You Forget Your Backdoor Roth in 2023?

We’re now into Calendar Year 2024, and perhaps you just realized that you forgot to make your backdoor Roth contribution for 2023 – is there anything you can do? The good news is, yes! Even though December 31st has passed, taxpayers and their spouses have until April 15th, 2024 to contribute to their IRA and classify this contribution as a…

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Weekly Market Recap | March 4, 2024

Week in Review Equity Markets: The major indices continued their march higher. The S&P 500 finished the week up 0.99%, moving its year-to-date return to 7.97% through the first two months of the year. The NASDAQ rose 1.76 for the week and on Thursday surpassed its previous record high from November 2021. Growth continues to be favored over value as…

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Weekly Market Recap | February 26, 2024

Week in Review Equity Markets: Fueled by strong earnings results last week, the S&P 500 rallied 1.68%. Participation was spread equally in the large-cap space. The Russell 1000 Growth rose 1.65% while its value counterpart finished the week up 1.41%1. Small caps lagged with the Russell 2000 finishing down 0.77%, bringing its year-to-date return to -0.37%. 90% of S&P 500…

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Weekly Market Recap | February 12, 2024

Week in Review Equity Markets: The S&P 500 finally breached the 5,000-point level and finished its 14th positive week out of the last 15. The S&P 500 finished the week up 1.4%. Performance broadened but the Large Cap Growth still came out ahead. The Russell 1000 Growth finished the week up 2.58% relative to their Value peer up a modest…

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Weekly Market Recap | February 5, 2024

Week in Review Equity Markets: Market strength has continued and the S&P 500 finished the week up 1.41%, marking its 13th positive week out of the last 14. Large Cap growth led the way, ending the week up 1.99%, outpacing its Value peer which returned 0.54%1. The outperformance was in large part due to the positive earnings surprises from companies…

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Weekly Market Recap | January 22, 2024

Week in Review Equity Markets: After two years, the S&P 500 set its all-time high on Friday finally breaching the 4,818 level that was seen on January 3. 2022. Last week’s rally also pushed the index back in the green for the month after a rough start. The S&P 500 finished the week up 1.54%. The style trend from last…

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Weekly Market Recap | January 16, 2024

Week in Review Equity Markets: The markets recovered last week with the S&P 500 ending up 1.87%, bringing its year-to-date return back in the green by 0.34%. The Dow Jones and NASDAQ had a strong week as well but are still negative on the year by 0.21% and 0.24% respectively. The S&P 500 closed Friday 0.7% below its all-time high…

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Quarterly Market Newsletter | January 2024

Q4 2023 Review Going into the fourth quarter we made note of the low sentiment readings and fear in the market. We believed that a contrarian view was more than likely to play out due to these factors. The bearish sentiment led to a tough October for the stock market with the S&P 500 falling to 4,100. Treasury yields spiked…

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Weekly Market Recap | December 27, 2023

Week in Review Equity Markets: The S&P 500 finished last week up by 0.77%. This marks the eighth consecutive weekly gain for the index. This is the longest streak for the index since November 20171. The index closed the week only 1.3% from its intraday high of 4,818, nearly two years ago, on January 3, 2022. As we move into…

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