Posts by Steve Lennart
Data Driven Markets and Changing Market Forecasts
INVESTMENT COMMITTEE COMMENTARY September 2023 Market volatility continued in September as rising bond yields pressured stock valuations, while some inflation indicators pointed to a bounce back in inflation and the Federal Reserve (Fed) reiterated a “higher for longer” interest rate outlook. All asset classes declined for the month. Solid economic data and a pause in…
Read MoreCash, Certificates of Deposit (CDs) and Fixed Income Investments
INVESTMENT COMMITTEE COMMENTARY August 2023 Stocks fell in August based on the two common market themes of this year: concerns regarding inflation and uncertainty on Fed policy and the trajectory of interest rate hikes. The headline Consumer Price Index (CPI) has now dropped to 3.3%, significantly lower than the inflation peak of 8.9% in June 2022. …
Read MoreMid-Year Commentary
INVESTMENT COMMITTEE COMMENTARY June 2023 June was a strong month for stocks. The Federal Reserve (Fed) did not raise interest rates in June. Instead, the Fed opted to step back and assess additional information. Inflationary pressures showed signs of cooling with the twelve-month Personal Consumption Expenditures Index (PCE) coming in at 3.8%. The Consumer Price Index (CPI) had…
Read MoreCompany Size Disparity – Valuations Still Matter
INVESTMENT COMMITTEE COMMENTARY May 2023 In May, investors continued to evaluate inflation data and the probabilities for the Federal Reserve’s (Fed’s) next interest rate policy moves. The Fed raised the federal funds target rate by 25 basis points in May, which was expected. It remains uncertain whether the Fed will raise interest rates again in June. Some…
Read MoreU.S. Debt Ceiling
INVESTMENT COMMITTEE COMMENTARY April 2023 Investors weighed three key issues in April: The Federal Reserve’s (Fed’s) next interest rate move, corporate earnings, and the financial strength of U.S. regional banks. The Fed did not meet in April but did raise interest rates by 25 basis points on May 3rd. The Fed hinted at a pause of further…
Read MoreSecond Quarter Outlook
INVESTMENT COMMITTEE COMMENTARY March 2023 March began with investors remaining focused on inflation and potential interest rate hikes, but the sudden failure of Silicon Valley Bank, at the time the 16th largest bank in the United States, shifted investor focus to a potential banking crisis. Signature Bank of New York failed just days later which…
Read MoreJMG Financial Group named as one of the Best Places to Work for Financial Advisors in 2023
JMG Financial Group has once again been named as one of the Best Places to Work for Financial Advisors! Go to the InvestmentNews article here. The Best Places to Work for Financial Advisors is an annual award presented by InvestmentNews. InvestmentNews and JMG Financial Group are wholly unaffiliated. Full disclosure information concerning the award can…
Read MoreJMG Financial Group named as one of America’s Top RIA Firms by Forbes
JMG Financial Group has been named one of America’s Top RIA Firms by Forbes. Forbes 2022 America’s Top RIA Firms Disclosure Neither JMG nor any other participating adviser(s) paid a fee to be eligible for the award. JMG is unaware of any undisclosed facts that could potentially invalidate the appropriateness of the award. Award winners…
Read MoreJMG Financial Group named as one of the Top 100 Financial Advisory Firms of 2022 by CNBC
JMG Financial Group has been named one of the Top 100 Financial Advisory Firms of 2022 by CNBC. CNBC Ranking of the top-rated financial advisory firms of 2022 Disclosure Neither JMG nor any other participating adviser(s) paid a fee to be eligible for the award. JMG is unaware of any undisclosed facts that could potentially…
Read MoreJMG Financial Group named as one of the Best Places to Work for Financial Advisors in 2022
JMG Financial Group has once again been named as one of the Best Places to Work for Financial Advisors! Go to the InvestmentNews article here. The Best Places to Work for Financial Advisors is an annual award presented by InvestmentNews. InvestmentNews and JMG Financial Group are wholly unaffiliated. Full disclosure information concerning the award can…
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