
Market Update, Third Quarter 2021 – Entering the Chicane…
What Did We See? U.S. Large Cap stocks, or the S&P 500 index, was up less than 1% in Q3. The developed markets of Japan was up more than 5%. Europe was almost flat, the U.K. up more than 2%.

What Did We See? U.S. Large Cap stocks, or the S&P 500 index, was up less than 1% in Q3. The developed markets of Japan was up more than 5%. Europe was almost flat, the U.K. up more than 2%.

What Did We See? U.S. Large Cap stocks, or the S&P 500 index, was up more than 8% in Q2. The developed markets of Japan was down less than 1%. Europe was up about 7%, the U.K. up more than

What Did We See? U.S. Large Cap stocks, or the S&P 500 index, were up less than 1% in May. The developed market of Japan was down about 1%. Europe and the U.K. were up about 3% and 1% respectively.

What Did We See? U.S. Large Cap stocks, or the S&P 500 index, were up about 5% in April. The developed market of Japan was down about 3%. Europe and the U.K. were up about 2% and 4% respectively. Emerging

The first quarter of 2021 was accented with rising bond yields and a shift in leadership for equity markets. As we mentioned in our February missive: “A nice test for the markets will be to see whether or not they can

What Did We See? U.S. Large Cap stocks, or the S&P 500 index, were up about 2.8% in February The developed market of Japan was up about 3%. Europe and the U.K. were up about 2.6% and 2% respectively. Emerging

What Did We See? U.S. Large Cap stocks, or the S&P 500 index, were down about 1% in January The developed markets of Japan was flat. Europe and the U.K. were down about 1%. Emerging Markets were up more than

What Did We See? U.S. Large Cap stocks, or the S&P 500 index, was up more than 12% in Q4. The developed markets of Japan was up more than 11%. Europe was up about 10%, the U.K. up more than

What Did We See? U.S. Large Cap stocks, or the S&P 500 index, were up about 11% in August The developed markets of Japan was up more than 11%. Europe and the U.K. were up from about 14% to 12%.

What Did We See? U.S. Large Cap stocks, or the S&P 500 index, were down almost 3% in October. The developed markets of Japan was down almost 3%. Europe and the U.K. were down more than 5% and almost 4%
"These are interesting and potentially volatile times that call for diversification, balance and patience in one’s portfolios."
Please click here to read my market commentary for 3Q26!
"That’s the lesson worth sitting with more than any single data point below: being rightfully defensive during Q1 did not help you during Q2. Markets can quickly move from one regime to the next and back again."
Please read my market commentary for 2Q26!
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