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Posts by Ed Raffenetti

New Year, Same Discipline

Monthly Economic News

INVESTMENT COMMITTEE COMMENTARY JANUARY 2021 After a strong fourth quarter, market performance was more muted in January. Most broad equity market indexes were down slightly. For the month, the S&P 500 dropped 1.0% while U.S. mid-cap stocks fell 0.3%. Foreign developed equities declined 1.1% while emerging market equities gained 3.1%. U.S. and foreign REITs were…

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December 2020 Investment Committee Market Update

Monthly Economic News

INVESTMENT COMMITTEE COMMENTARY DECEMBER 2020 2020 in Review A year ago, the outlook for 2020 was promising.  Global economic conditions were normalizing, consumer sentiment was relatively strong, and inflation was subdued.  U.S. unemployment was at a multi-decade low.  Internationally, a China trade deal was negotiated, and economic recovery was expected in the United Kingdom with…

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