Our Thinking

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

October 2022 Commentary: De-FAANGed
Summary The reversal of FAANG stocks’ long-term dominance has loomed over markets this year. The FAANG stocks ended October with year-to-date losses of more than

3Q, 2022 Commentary: Whac-A-Mole
Summary In the first half of the quarter, stocks and bonds rallied on the hopes of a Fed policy pivot, but a sharp reversal in