Posts by Steve Lennart
Earnings Growth Is Broadening Outside the Magnificent Seven
INVESTMENT COMMITTEE COMMENTARY March 2024 In March, the equity rally continued, aided by familiar factors such as solid economic growth, generally as-expected inflation data, AI enthusiasm and bullish Federal Reserve (Fed) guidance. Broadly speaking, economic and inflation data, while slowing, met investor expectations of stable growth and easing inflation. In mid-March, updated Fed interest rate…
Read MoreInvestments in U.S. Real Estate Investment Trusts (REITs)
INVESTMENT COMMITTEE COMMENTARY February 2024 Stocks ended February on a high note with the S&P 500 and Nasdaq 100 notching all-time highs. Technology companies, particularly those linked to artificial intelligence (AI), helped drive stocks. Inflation data released at the end of the month was in line with expectations, which also supported stocks. February’s gains marked…
Read MoreJMG Announces Nine New Principals
We are pleased to announce that the following team members have been promoted to Principals at the firm. Each individual has served a critical role to the growth of the firm with an average tenure of over 20 years with JMG. We appreciate their loyalty and dedication to the firm and to the clients we…
Read MoreGovernment Debt and the Normalization of Interest Rates
INVESTMENT COMMITTEE COMMENTARY January 2024 Stocks had mixed performance in January. Repeating a theme from 2023, U.S. large cap growth and technology sector stocks had positive performance while the broader U.S. stock market had modest or negative total returns. Entering 2024, stock valuations were elevated due to strong sentiment and high investor expectations. With that…
Read MoreJMG Announces New Principals
We’re pleased to announce that the following individuals have been promoted to Principal at JMG Financial Group. Each of these individuals have been critical to the recent growth of our firm. “It is a privilege to represent an organization who embodies unwavering care, loyalty, and integrity towards employees and clients. I appreciate the opportunity JMG has…
Read MoreJMG Announces Support for Cal’s Angels
As we approach the end of yet, another eventful year, we hope this message finds you and your families safe and healthy either at home or in your travels. Since 2020, our firm has decided to make a meaningful donation to a charitable organization at the recommendation of our employees. Each employee has the opportunity…
Read MoreMissed Opportunities with Market Timing
INVESTMENT COMMITTEE COMMENTARY November 2023 Stocks had strong gains in November and reversed a seasonal trend of weaker performance. Recent inflation data showed that inflation is continuing to recede. Investors turned optimistic as the Federal Reserve (Fed) held interest rates level in November, leading to a greater expectation that the Fed is done raising interest rates…
Read MoreA Look at Market Valuations
INVESTMENT COMMITTEE COMMENTARY October 2023 Stocks declined for the third straight month in October. Investor sentiment has declined in the last three months as recent inflation data demonstrated the challenges the Federal Reserve (Fed) faces in trying to bring down rising prices. The Consumer Price Index (CPI) and the Personal Consumption Expenditures (PCE) index remain well…
Read MoreJMG Financial Group named as one of the Top 100 Financial Advisory Firms of 2023 by CNBC
JMG Financial Group has been named one of the Top 100 Financial Advisory Firms of 2023 by CNBC. CNBC Ranking of the top-rated financial advisory firms of 2023 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 MoreData 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…
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