David Cohen

The graph and table above provide return data for major income-oriented asset categories for the month of May 2023 and YTD 2023. Returns for...

Despite a banking crisis that occupied the attention of the financial world in April, the broad securities markets turned in a ho-hum performance during the month. The Core Large Cap Equity category delivered a 0.9% return, driven by strong returns in dividend-paying equities. Meanwhile, the Core Fixed Income category generated a 0.6% return in April.

Despite a banking crisis that occupied the attention of the financial world in April, the broad securities markets turned in a ho-hum performance during the month. The Core Large Cap Equity category delivered a 0.9% return, driven by strong returns in dividend-paying equities. Meanwhile, the Core Fixed Income category generated a 0.6% return in April.

The broad securities markets enjoyed a strong March, with equity and fixed income markets alike delivering healthy returns. The Core Large Cap Equity category delivered a 7.3% return for the month, powered by a rebound in beaten-down large-cap technology stocks. Meanwhile, the Core Fixed Income category generated a 2.6% return in March, benefitting from reduced inflation expectations and declining interest rates.

After a strong rally in January, both equity and fixed income markets took it on the chin in February. The Core Large Cap Equity category returned -4.0% as the Federal Reserve’s monetary tightening policy drove concerns about a potential economic slowdown. On the fixed income side, ongoing inflation concerns pushed interest rates higher, dragging the Core Fixed Income category to a -2.8% return.

After a strong rally in January, both equity and fixed income markets took it on the chin in February. The Core Large Cap Equity category returned -4.0% as the Federal Reserve’s monetary tightening policy drove concerns about a potential economic slowdown. On the fixed income side, ongoing inflation concerns pushed interest rates higher, dragging the Core Fixed Income category to a -2.8% return.

In the wake of a challenging year, markets provided a respite for income investors in January. The Core Large Cap Equity category delivered a 9.2% rally, powered by a rebound in beaten-down technology stocks. On the fixed income side, signs of moderating inflation pushed down interest rates, driving the Core Fixed Income category to a 3.3% return.

Capping a brutal year for income investors, both the equity and fixed-income markets lost ground in December. The Core Large Cap Equity category returned -7.8% while the Core Fixed Income category delivered a -0.8% return. Concerns about inflation and the impact of the Federal Reserve’s tightening policy on future economic growth continued to serve as headwinds for both equities and bonds.