February, with its extra day for the leap year, saw equity markets vault ahead. Earnings season was in full swing throughout the month, with more than 97% of U.S. companies reporting quarterly results. In aggregate, these companies exhibited healthy profit margin growth and pricing power, buoyed by robust U.S. economic activity. Despite a shared vigorous | Read More +
Our Thinking
Insights: Market Observations As the Year Begins
January was a mixed month for stocks and bonds, following the high bar set by their formidable performance in the final two months of 2023. Much of the strong rally at the end of last year was driven by the expectation that the Federal Reserve had completed its two-year initiative to restore price stability in | Read More +
Sage 2024 Annual Letter
Last year brought a collective rebound for major economies and financial markets. There were unsettling moments and expectations of a domestic recession that caused uncertainty and short-term discomfort—but the year closed with a noteworthy financial markets rally in the fourth quarter, providing an uplifting finish. Investors entered 2023 still grappling with the aftermath of 2022, | Read More +
Sage 2024 Investment Outlook
2023 in Review: A Bitter Start For Financial Markets With A Sweet Ending Last year brought a collective rebound for major economies and financial markets. There were unsettling moments and expectations of a domestic recession that caused uncertainty and short-term discomfort, including the failure of a handful of banking institutions over a short period in | Read More +
Our Perspective: The Recent Market Rally
As we approach the year’s final weeks, we want to share our thoughts on the current market landscape and recent positive developments. What Has Happened? In early November, optimism surfaced around the likelihood that central banks, including the U.S. Federal Reserve (Fed), were finally getting ready to end a historical period of interest rate increases. | Read More +
Sage Insights: A Month of Optimism
November was a strong month for stocks and bonds. During the bumpy period from August through October, we consistently emphasized the importance of remaining patient and disciplined. This position was rewarded last month as major market indices bounced back sharply, and we enjoyed the best month of performance thus far in 2023. In this edition | Read More +
Sage Insights: Market Observations Through Uncertain Times
October was a challenging month economically and geopolitically. Before we unpack what it meant for investors, we want to acknowledge a deep pain from the devastating Hamas terror attacks of October 7th in Israel and the ongoing concerns unfolding in the Middle East. The violence and distress have had a profound impact, not only in | Read More +
Sage Insights: Market Observations Following a Rocky Month and Quarter
Heading into the year, most economists forecast that the labor market would need to weaken for inflation to fall, pushing the economy into a recession. Yet, as we sit here today, inflation is heading in the right direction, albeit slowly, and the unemployment rate is just above 50-year lows. At the same time, this economic | Read More +
Sage Recognized By Leading Financial Journals
We are proud and honored to share that Sage has received special recognition over the past several months from Barron’s, CNBC, and Philadelphia Business Journal. Barron’s recognized us as one of the nation’s best wealth managers of 2022 March. CNBC ranked us #22 in the country and #1 in Pennsylvania in its Top 100 Financial | Read More +
Sage Insights: Market Observations As Summer Ends
Most major asset classes posted positive returns during the year’s first seven months, and investors enjoyed a respite. This momentum eased, however, in August as higher interest rates prompted concerns about the economy’s health. In this edition of Insights, we take a closer look at recent market performance and discuss the concerns in the market, | Read More +
