September 27, 2023
Portfolio Manager Insights | What the Fed’s Latest Projections Mean for Long-Term Investors — 9.27.23

At its September meeting, the Federal Open Markets Committee kept rates unchanged with a target range of 5.25% to 5.50%, in a decision that was widely anticipated by investors. Still, markets responded negatively with bond yields jumping to levels not seen since 2007, the S&P 500 falling a couple percentage points, and tech stocks retreating further […]

September 20, 2023
Portfolio Manager Insights | How Stock Market Sectors Depend on the Business Cycle — 9.20.23

For patient investors with time horizons of years and decades, the primary drivers of portfolio returns are not day-to-day market fluctuations but the business cycle and other longer-term trends. One reason that questions around inflation, the Fed, and geopolitics have resulted in market swings is that they shed light on where we might be in the cycle. […]