Monthly Market Commentary - Hobbs Group Advisors

March 2024

Strong Economic Data Gives Reason to be Constructive on Markets

S&P 500 & Nasdaq Notch Best February in Nearly a Decade Amid a resilient economy and strong AI-related earnings, equities shrugged off inflation worries in February. All three major indices posted new all-time highs, and both the S&P 500 and Nasdaq posted their best February since 2015. US growth (+7.2%) was among the best performers, […]

February 2024

Is AI a Bubble? It’s More Prudent to be Fully Invested in a Balanced Portfolio

S&P 500 Hits New All-Time High in January Amid a resilient labor market, strong economy, and moderating inflation, major stock market indices were up in January. With the help of gains from the Magnificent Seven, the S&P 500 Index reached a new all-time high during the month. US growth (+2.9%) and US large-caps (+1.6%) were […]

December 2023

With Interest Rate Cuts on the Horizon, How Should Investors Position Portfolios in 2024?

Major Indices Post Gains in 2023, with Many Erasing 2022 Losses. Amid a resilient economy, declining inflation, and increasing probabilities of a soft landing, equities were up in 2023. Though narrow market leadership via big technology stocks ensued for most of the year, market participation broadened in the final two months of 2023 as rates […]

November 2023

Part 2: Once in a Decade Opportunity to Diversify Away From the “Magnificent Seven”

Markets Rally in November. Amid increasing hopes that the Fed is done raising rates, softer inflation data, lower yields, and better than expected Q3 earnings, equities were up in November as all three major US stock market indices snapped a three-month losing streak. The Nasdaq Composite was up 10.8% while the S&P 500 gained 9.1%, […]

October 2023

Are Higher Interest Rates Beginning to Impact Growth Expectations?

October Scares Markets. Although US economic growth was stronger than expected, equities were down in October amid geopolitical conflict, rising longer-term US bond yields, and mixed earnings takeaways. All three major US stock market indices were down for the third straight month. Both the S&P 500 and the Dow Jones Industrial Average had their worst […]

September 2023

Once in a Decade Opportunity to Diversify Away From the “Magnificent Seven”

Major Indices Post Losses in Q3 2023. Amid higher for longer messaging from the Federal Reserve, rising longer-term US bond yields, and renewed inflation worries coupled with ascending oil prices, all three major US stock market indices were down in Q3. US small-caps (-4.9%) were among the worst performers, followed by international developed equities (-4.7%) […]