Posts by Steve Lennart
JMG Financial Group named as one of the Best Places to Work for Financial Advisors in 2024
JMG Financial Group has once again been named as one of the Best Places to Work for Financial Advisors! Go to the InvestmentNews article here. The Best Places to Work for Financial Advisors is an annual award presented by InvestmentNews. InvestmentNews and JMG Financial Group are wholly unaffiliated. Full disclosure information concerning the award can…
Read MoreLeadership Changes
Yonhee Choi Gordon is retiring from JMG Financial Group after an illustrious 38-year career at the firm, during which she began as an entry-level assistant in 1986. Her career has been unique by several standards, evidenced by her being one of the first Korean-American women to rise to the C-suite in the RIA industry. As…
Read MoreMid-Year Commentary
INVESTMENT COMMITTEE COMMENTARY June 2024 The S&P 500 had another strong month in June, led again by the artificial intelligence-linked (AI) stocks, while the broader equity and bond markets experienced mixed results. The strong AI earnings came from Oracle and Broadcom along with news Apple was integrating AI technology into future iPhones. Tech stocks pushed…
Read MoreWhy Did Stocks Pull Back in April?
INVESTMENT COMMITTEE COMMENTARY April 2024 Stocks ended April lower as benchmark indices endured their first downturn in several months. Throughout April, investors had to factor in the Federal Reserve’s (Fed) apparent intent to hold interest rates at a two-decade high, the track of inflation, and geopolitical risks from the escalating wars in the Middle East…
Read MoreEarnings 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…
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