In early April, as the S&P corrected below 5000, numerous market experts suggested that a future market rebound would be different than what we have seen in the recent past. The level of uncertainty inherent in the market at that time was palpable. It was also proving to be extremely difficult to “handicap” the impact of universal tariffs & trade...

As we closed the year for 2024, we again experienced disparate returns from different asset classes, again supporting broadly diversified investment strategies. Once more the Mag 7 (Magnificent 7) made significant contributions to the S&P 500’s overall return.

As of late, the “Mag 7” has shown underperformance relative to the Dow Jones and the S&P 500 Equal Weighted Index. Evidence that we are finally seeing some catch-up by the broader market (the aforementioned 493).