Stocks ride the wave of uncertainty to strong gains A reversal of a reversal of a reversal of style leadership in the second quarter made the markets as tough to follow as the beginning of this sentence.  The S&P registered its fifth consecutive quarterly gain as growth and value stocks

Investors poured into stocks as the economic glass appears to be half-full US stocks rallied for the fourth consecutive quarter as the S&P 500 gained over 6% on investor optimism about vaccine distributions and additional stimulus.  Value investors were amply rewarded as the pro-cyclical rotation continued and rising treasury yields

Mixed Equity Performance for the Markets The first month of 2021 ended with an audible thud.  The S&P 500 finished 1% lower after rising for most of the month only to stumble 4% in the last three days of January. Trends that began during the recovery rally of 2020 persisted

Market Review In the final quarter of 2020, U.S. equities continued to post gains for the third consecutive quarter, with positive Covid-19 vaccine news and the U.S. election result aiding recovery in the more cyclical segments of the market. The S&P 500 returned 18.4% for the year, and 12.2% in