Insights
August 2023 Market Recap
After a five-month winning streak, the S&P 500® Index declined 1.59% in August. A surprise downgrade of U.S. credit by Fitch Ratings, a credit rating ...
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July 2023 Volatility Briefing
Implied volatility, as measured by the Cboe® Volatility Index (the VIX®), averaged 13.93 in July. Consistent with its typical relationship, average implied volatility exceeded realized ...
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A New Environment Supports a Strong First Half
Despite overwhelming expectations of doom and gloom at the beginning of 2023, the equity market had an excellent first half of the year (and continued ...
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July 2023 Market Recap
The S&P 500® Index returned 3.21% in July, bringing its year-to-date return to 20.65% which ranked as its fourth best start in 35 years. From ...
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For the Times, They Have Changed
Uncertainty persists around the path of the U.S. economy despite the expected summer lull. With the Federal Reserve (the Fed) pausing rate hikes at their ...
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