Stephen M. Mills, CIMA®
Partner
Chief Investment Strategist
Brad Bays, CIMA®
Partner
PIM Portfolio Manager
Highlights:
Fears of a banking crisis in the U.S. economy led to higher-than-normal volatility in the financial markets in the first quarter.The Federal Reserve may be soon approaching... More
Stephen M. Mills, CIMA® Partner
Chief Investment Strategist
Brad Bays, CIMA® Partner
PIM Portfolio... More
Stephen M. Mills, CIMA®
PartnerChief Investment Strategist
Commentary
2022 has been a challenging year for most investors with major stock and bond market averages suffering broad-based losses since early January. The stock... More
Stephen M. Mills, CIMA®
PartnerChief Investment Strategist
Brad Bays, CIMA®
PartnerPIM Portfolio Manager
Highlights:
The S&P 500 Index has fallen approximated 22% as of the date of this letter.The “bear market” for equities is now nine months old.The U.S. Federal Reserve continues to tighten monetary conditions by hiking the fed funds rate and reducing balance sheet holdings in an effort... More
Stephen M. Mills, CIMA® Partner
CommentaryThe U.S. equity markets have staged an impressive comeback since making lows in mid-June. The S&P 500 Index surged 14% since its June 17 low cutting the loss for the year to 13% which, at the low, the index was down almost 25%.1 The Dow Jones Industrial Average has also gained... More
Stephen M. Mills, CIMA®Partner
Chief Investment Strategist
Brad Bays, CIMA® Partner
PIM Portfolio Manager
Highlights:The first half of 2022 was the worst year for stocks since 1970. The S&P 500 Index officially entered a “bear market” in June. The U.S. Federal Reserve continues... More
Stephen M. Mills, CIMA® Partner
The stock market is currently experiencing one of the worst declines since the first quarter of 2020 when the major stock market averages fell over 30% as the Covid-19 pandemic began to emerge. In the beginning of the year, we felt there was a possibility of a 10-15% correction in the... More
Stephen M. Mills, CIMA®Partner
Chief Investment Strategist
Brad Bays, CIMA® Partner
PIM Portfolio Manager
Highlights:
The first quarter brought several new developments that could impact U.S. economic growth for 2022. In March, the U.S. Federal Reserve shifted monetary policy to a tightening mode. Inflation... More
Stephen M. Mills, CIMA® Partner
Chief Investment Strategist
Brad Bays, CIMA® Partner
PIM Portfolio Manager
Highlights:
Stocks suffered the first 10% correction since September 2020, as measured by the S&P 500 Index.1 The... More
Stephen M. Mills, CIMA® Managing Partner
PIM Portfolio Manager
Brad Bays, CIMA®
Partner
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