Posts by JMG Financial Group
Mid-Year Commentary
INVESTMENT COMMITTEE COMMENTARY June 2025 Wall Street has come a long way from its April sell-off as investor optimism over trade agreements and events in the Middle East helped lift stocks to record highs. Led by large cap growth companies, the S&P 500 had strong June performance, up 5.1%. Foreign developed and emerging markets stocks also rose…
Read MoreJMG’s Investment Process, Designed Around You
By Bill German, Chief Investment Officer, Principal, CFP® and John White, Principal, CFA, CFP® Clients and prospects often want to better understand how JMG will invest their money. What they often don’t realize is how complex this question really is. Today’s article is the first of a four-part series which we hope to provide some insight into…
Read MoreTariff Update
INVESTMENT COMMITTEE COMMENTARY April 2025 U.S. equities experienced continued volatility in April as tariffs announced by President Trump on April 2nd led to policy uncertainty and trade wars. Intraday and daily volatility also increased on worries that Fed Chair Jerome Powell might be replaced by the president and by concerning news on economic growth, inflation,…
Read MoreTariff Announcements
With the recent market volatility and economic uncertainty following the tariff announcements, we first want to address these recent events before providing the March 2025 market review. Tariff Announcements Stocks begin the second quarter of 2025 following the worst quarterly performance in nearly three years. After President Trump’s tariff announcements on April 2nd of a…
Read MoreMarket Rotation?
INVESTMENT COMMITTEE COMMENTARY February 2025 After posting strong returns in January, U.S. stock indexes fell back in February. Investors worried about lower economic growth potentially coming from tariffs, inflation, and rising geopolitical tensions. However, foreign developed and emerging market equities and U.S. real estate investment trusts (REITs) had positive returns for the month. Uncertain U.S.…
Read MoreTariffs
INVESTMENT COMMITTEE COMMENTARY January 2025 Equities opened the year higher as market optimism carried into 2025. For context, the S&P 500 just finished the best two-year performance period since 1997-1998 with a total return of greater than 25% for each of the last two years. While positive investor sentiment continues, another strong year for the…
Read More2024 in Review
INVESTMENT COMMITTEE COMMENTARY December 2024 Stocks trended lower in December as the S&P 500 retreated from all-time highs. Investor optimism declined following the Federal Reserve’s (Fed’s) December meeting. As expected, Fed Chair Jerome Powell announced a cut in the fed funds interest rate by 0.25%. However, Powell’s commentary on future rate cuts had a more tempered tone. The Fed…
Read MoreJMG Announces Support for Wellness House
We hope this message finds you and your families safe and healthy as we wrap up another eventful year and look ahead to what’s next. Since 2020, our firm has committed to making a meaningful donation to a charitable organization based on employee recommendations. Each employee has the opportunity to suggest a charity that holds…
Read MorePost-U.S. Elections Takeaways and Implications
INVESTMENT COMMITTEE COMMENTARY November 2024 The S&P 500 had its best month of the year, rising 5.9%. The gains reflected investor optimism that a second Trump administration will favor businesses, but with the hope that the President-elect will take a more moderate stance on trade tariffs. All eleven market sectors ended November higher, led by…
Read MoreWhy Did 10-Year Treasury Yields Increase After the Initial Fed Interest Rate Cut?
INVESTMENT COMMITTEE COMMENTARY October 2024 Equities began October on an upswing due to a better than expected September jobs report. Based on economic data early in the month, the Dow Jones Industrial Average and the S&P 500 hit record highs. However, investors began moving away from risk equities as disappointing earnings data from big tech…
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