Articles

2020: A Tale of Two Markets

2020 can be summarized by the famous Charles Dickens line from A Tale of Two Cities:

“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the...

Stock markets in the U.S. and around the globe turned in a fantastic 2019, driven by U.S. equities, specifically large-cap U.S. equities. And along the way, 2019 brought plenty of records, including:

• Record Highs. As the S&P 500 climbed consistently throughout the year, it also recorded 34 new r...

A record-setting year for stocks, but one investors would rather forget

As we reflect on 2018, it is tempting to sugarcoat the year by simply reporting that it was a record-setting year for stocks – because so many investors would rather quickly forget the end results.

So here are the end result...

A Year Like No Other
As we reflect on 2017, it is tempting to focus on events that probably had little impact on the markets or the global economy – because it really was a year like no other.

In the past 12 months, we faced new nuclear fears from North Korea; debated whether NFL players shoul...

A Random Walk Down Wall Street
In 1973, Princeton professor Burton Malkiel wrote A Random Walk Down Wall Street, an influential stock market book that put forth a financial theory (the random walk hypothesis) that stated stock market prices follow a path that consists of a succession of random st...