MARKET REVIEW In 1Q22, the Russell 2000 returned -7.53%, and the S&P 500 returned -4.60%. The market was particularly weak in January as inflation hit a 39-year high and U.S. Government bond yields increased. MACRO OBSERVATIONS In 1Q22, Russia assaulted Ukraine. The brutality was shocking. It laid bare our assumptions about geopolitical stability and international […]

MARKET REVIEW The market closed 2021 near its 12-month and all-time highs. In 4Q21, the S&P 500 returned 11.03% and theS&P 400 MidCap returned 8.00%.  In 2021, the S&P 500 returned 28.71%; the S&P 400 MidCap returned 24.76%. While 2021 was a great year, the start of 2022 is anything but great.  Inflation is lasting […]

MARKET REVIEW The market closed 2021 near its 12-month and all-time highs. In 4Q21, the Russell 2000 returned 2.14% and the S&P500 returned 11.03%. In 2021, the Russell 2000 returned 14.82% and the S&P 500 returned 28.71%. While 2021 was a great year, the start of 2022 is anything but great. Inflation is lasting longer […]

MARKET REVIEW In 3Q21, the Russell 2000 returned -4.36%, and the S&P 500 returned 0.58%. The market was particularly weak in late September, after the Federal Open Market Committee Statement. YTD as of September 30, 2021, the Russell 2000 returned 12.41%, and the S&P 500 returned 15.92%. MACRO OBSERVATIONS 10-year U.S. Treasury rates rose 35 […]

MARKET REVIEW In 3Q21, the Russell 2000 returned -4.36%, and the S&P 500 returned 0.58%. The market was particularly weak in late September, after the Federal Open Market Committee Statement. YTD as of September 30, 2021, the Russell 2000 returned 12.41%, and the S&P 500 returned 15.92%. MACRO OBSERVATIONS 10-year U.S. Treasury rates rose 35 […]

MARKET REVIEW In 2Q21, the S&P 500 returned 8.55% and the S&P MidCap 400 returned 3.64%. MACRO OBSERVATIONS 10-year U.S. Treasury rates fell from 1.75% to 1.5% after a one-year increase from near 1.0%.  The decrease helped equities in the second quarter. Inflation – Oil rose 18.1% and a basket of other commodities increased 9.4% […]

MARKET REVIEW In 2Q21, Russell 2000 returned 4.29% and the S&P 500 returned 8.55%. Source: Informa Intelligence, Inc. MACRO OBSERVATIONS 10-year U.S. Treasury rates fell from 1.75% to 1.5% after a one-year increase from near 1.0%. The decrease helped equities in the second quarter. Inflation – Oil rose 18.1% and a basket of other commodities […]

MARKET REVIEW In 1Q21, the S&P 500 returned 6.17%.  There was a significant rotation out of growth into value late in the quarter – the S&P 500 Value Index returned 10.58% in Q1 while the S&P 500 Growth Index finished up 2.06%. Source: Zephyr Informais MACRO OBSERVATIONS We believe accommodative policies have long provided tailwind […]

MARKET REVIEW In 1Q21, the S&P 500 returned 6.17% and the Russell 2000 returned 12.70%. There was a significant rotation out of growth into value late in the quarter – the Russell 2000 Value Index returned 21.17% in Q1 while the Russell 2000 Growth Index finished up +4.88%. Source: Zephyr Informais MACRO OBSERVATIONS We believe […]

In the “Market Call” segment Friday on the Money Life with Chuck Jaffe podcast, John Barr discussed investment process and representative holdings of Needham Aggressive Growth (“John Barr of the Needham Growth and Needham Aggressive Growth funds talks stocks in the Market Call”). Please click for 16-minute audio of John’s interview. The full one-hour program […]