Posts by Ed Raffenetti

INVESTMENT COMMITTEE COMMENTARY FEBRUARY 2021 In spite of a sell-off in the final week, equity indexes reported positive performance in February. For the month, the S&P 500 gained 2.8% while U.S. mid-cap stocks had strong performance, up 5.6%. Foreign developed equities advanced 2.3%, and emerging market equities gained 0.8%. For February, U.S. and foreign REITs…

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…

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…