Quarterly Perspective

January 25, 2024

by Mark Carlton, CFA®

Quarterly Market Perspective for 4Q23

Summary Higher interest rates continued into late October, but at that point positive inflation news and encouraging statements from...

October 24, 2023

by Mark Carlton, CFA®

Quarterly Market Perspective for 3Q23

Summary The stock market rally ran into the wall of higher interest rates at the beginning of August. As a result, the market gave up...

July 25, 2023

by Mark Carlton, CFA®

Quarterly Market Perspective for 2Q23

Schwab TransitionIn 2020, our custodian, TD Ameritrade, was acquired by the Charles Schwab Corporation. Over the past several years, the...

April 25, 2023

by Mark Carlton, CFA®

Quarterly Market Perspective for 1Q23

Summary The markets experienced as much volatility last quarter as we normally see in a full year, but it was mostly to the upside. ...

January 25, 2023

by Mark Carlton, CFA®

Quarterly Market Perspective for 4Q22

Summary First of all, we are happy to report that the fourth quarter of 2022 was a positive one for both stocks and bonds. This allowed...

October 26, 2022

by Mark Carlton, CFA®

Quarterly Market Perspective for 3Q22

Summary As hard as it would have been to believe, three months ago, that the stock and bond market could both continue to decline, they...

April 20, 2022

by Mark Carlton, CFA®

Quarterly Market Perspective for 1Q22

Summary Sometimes a quarter passes and nothing much happens. Other times, so much happens in a quarter that it seems like a full year. ...

January 25, 2022

by Mark Carlton, CFA®

Quarterly Market Perspective for 4Q21

Summary The stock market shrugged off several attempts at a broad sell-off last quarter to eventually end up about 11% higher. Both...

October 28, 2021

by Mark Carlton, CFA®

Quarterly Market Perspective for 3Q21

Summary While it is technically true that the S&P 500 stock index added 0.58% in the third quarter, it really didn’t feel that way. ...

July 23, 2021

by Mark Carlton, CFA®

Quarterly Market Perspective for 2Q21

Summary Stocks maintained their strong advance in 2021 by adding another 8.55% last quarter. Technology, Energy, and Real Estate led...

Investment Insights for Advisors

Ongoing market commentary and portfolio research from the team that manages the portfolios — designed to support the conversations you have with clients.

Market Perspective

Commentary on the events moving markets, written as the news develops. Each update gives advisors context for timely client conversations.

Explore Market Perspective

Portfolio Strategy

Longer-form research on portfolio construction — asset allocation, structure, and how we manage risk across stocks, bonds, and beyond.

Explore Portfolio Strategy

The Trademark Take

A weekly look at the charts our investment team is watching, and what they suggest for portfolio management.

Read Our Take