Edward Miller

    Edward Miller

    Q1 2022 Market Commentary

    After very good performance in 2021, US equities decidedly struggled in the 1Q of 2022. The S&P 500 followed up last year’s impressive 28.7% total return with a -4.6% decline in the recent 1Q. And it wasn’t just large-cap stocks that suffered in the quarter as both mid-cap and small-cap stocks fell by -5.7% and -7.5% respectively. Frankly, there was seemingly no place to hide to start this year with nearly all major asset classes experiencing negative returns. The standout winners were assets that benefit from higher inflation and not surprisingly commodities were atop that list, with the Bloomberg Commodity Index up an eye-opening 25.5% in the 1Q.

    Q2 2021 Market Commentary

     

    We’re halfway through 2021 and the bull market that started early last summer rolls on. As shown...