We personally author periodic letters and presentations to our clients to provide an update on how we are managing their portfolios, our view on economic conditions, and important updates on financial planning topics. We post some of that content to this blog for public viewing. We hope you find the content useful.
The second quarter of 2025 proved to be one of the most volatile on record. The S&P 500 Index of large US stocks dropped over 19% from its recent high up to April 8th, shortly after the “Liberation Day” tariff threats. After the tariffs were postponed and reduced in magnitude, the index recovered all of these declines and end Market Recap The S&P 500 Index, consisting of the largest public companies in the US, ended the year up 25%. This was the second year in a row with gains over 20%. The returns were led by large technology companies, particularly tho What is there not to like about last quarter? The stock market reached new highs with the S&P 500 gaining 5.9% in the third quarter, pushing its year-to-date return to 22.1%. Developed international stocks In the second quarter of 2024, the U.S. economy remained strong, much better than most economists were expecting when making forecasts a year ago. We have continued to be surprised by the strength of consumer spending and magnitude of corporate cash flowing into Artificial Intelligence related investments. The first three months of 2024 were good for US stocks, in particular. The S&P 500 index of large US companies advanced 10.6%, though it has been volatile and has given back some of those gains in the weeks following the end of the first quarter. What a year! In 2022, the combination of high inflation and the Fed dramatically raising interest rates led to deeply negative returns for both stocks and bonds. Going into 2023, an unprecedented number of statistics and virtually every market strategist and economist were all predicting recession. The S&P 500 reached a 2023 high at the end of July before selling off 7.5% through August and September to finish the quarter down 3.3%. Year-to-date the index remains up a solid 13%. Smaller-cap stocks (Russell 2000) also had momentum early in the quarter, but changed course and ended the quarter down 5.1%, though are still positive 2.5% year-to-date.Second Quarter 2025: One Big Beastly Burden
Submitted by Alsworth Capital Management, LLC on July 16th, 2025
Market Recap
First Quarter 2025 - Ripple Effects
Submitted by Alsworth Capital Management, LLC on April 25th, 2025
April 7, 2025 – Incremental and Slow
Submitted by Alsworth Capital Management, LLC on April 7th, 2025
April 03, 2025 - Markets React to Liberation Day!
Submitted by Alsworth Capital Management, LLC on April 3rd, 2025
Fourth Quarter 2024 - Investing for Sport
Submitted by Alsworth Capital Management, LLC on January 19th, 2025
Market Recap
Third Quarter 2024 – Don’t Bet on the Unsure Thing
Submitted by Alsworth Capital Management, LLC on October 30th, 2024
Market Recap
Second Quarter 2024 - The Market Craves Certainty
Submitted by Alsworth Capital Management, LLC on July 26th, 2024
Market Recap
First Quarter 2024 – Don’t Put All Your Eggs In the Shiny Basket
Submitted by Alsworth Capital Management, LLC on May 9th, 2024
Market Recap
Fourth Quarter 2023 – The Inflation Witch is Dead
Submitted by Alsworth Capital Management, LLC on January 30th, 2024
Market Recap
Third Quarter 2023 – The Magnificent Seven
Submitted by Alsworth Capital Management, LLC on October 26th, 2023
Market Recap
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