Our Thinking

April 2023 Commentary: A Series of Unfortunate Events
Summary U.S. equity markets continued their impressive run this year, bringing year-to-date returns to over 9%; bonds also made modest gains. Inflation continued to moderate,

1Q, 2023 103 Advisory Group
Summary Both U.S. and international equity markets rallied in the last few days of March to end the month (and the quarter) with positive returns.

February Market Commentary: The Money Illusion
Summary Markets have begun to share the Federal Reserve’s “higher-for-longer” interest rate narrative, as inflation levels remain well above the 2% target and recent reports

January 2023 Commentary: Faith, Trust and Pixie Dust
Summary It’s been a great start to the year for markets; both stocks and bonds ended January with decidedly positive returns. The NASDAQ Composite enjoyed

4Q, 2022 103 Advisory Group Market Commentary
Summary As inflation showed signs of slowing in the fourth quarter, both stocks and bonds recovered some of their losses from previous quarters, and most

November 2022 Commentary: A Fork in the Road
Summary Two of the most powerful economies in the world, the U.S. and China, are both facing critical decisions, and their choices will create ripple