Fourth Quarter 2022 Market Recap, Performance Review, and Near-term Outlook

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Q4 2022 closed with refreshingly positive results, despite one final downturn in December amidst bleak market sentiment. Both sentiment and the resulting negative positioning were a bit disconnected from fundamentals as the year ended, so 2023 shot out of the gate to a solid start. Nonetheless, we have a long distance yet to run if we are to fully close the gap left from 2022.

This link is to a PDF containing our Q4 2022 Market Recap, Performance Review and Near-term Outlook. This Recap incorporates a broad review of global markets, including a series of directly comparable, globally diversified, balanced portfolio benchmarks constructed by iShares (by Blackrock). The commentary and performance information, coupled with the tabled data will, hopefully, help each reader evaluate their own portfolio performance in proper context with just a few numbers.

As always, I am available at any time, any day of the week, to discuss specific portfolio performance questions with all clients.

A.J. Walker, CFA CFP®
Founder, President, and CEO

Lake Jericho, LLC

Third Quarter 2022 Market Recap, Performance Review, and Near-term Outlook

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Q3 ended just as Q2 did, with overly negative investor sentiment and over-sold market conditions. As I speculated within last quarter’s Outlook, a late-summer rally lifted stocks by about 15% from that Q2 morass. But the stock market would roll over yet again following Federal Reserve Chair Jerome Powell’s hawkish inflation/interest rate policy commentary at the annual Jackson Hole Economic Symposium in late August. Unable to hold the prior 2022 lows struck in June, for the third consecutive quarter stocks ended Q3 sitting at new annual lows.

This link is to a PDF containing our Q3 2022 Market Recap, Performance Review and Near-term Outlook. This Recap incorporates a broad review of global markets, including a series of directly comparable, globally diversified, balanced portfolio benchmarks constructed by iShares (by Blackrock). The commentary and performance information, coupled with the tabled data will, hopefully, help each reader evaluate their own portfolio performance in proper context with just a few numbers.

As always, I am available at any time, any day of the week, to discuss specific portfolio performance questions with all clients.

A.J. Walker, CFA CFP®
Founder, President, and CEO

Lake Jericho, LLC

Second Quarter 2022 Market Recap, Performance Review, and Near-term Outlook

All posts within the type labeled Link Published date View more posts by authorAJ Walker

Managing investment portfolios during 2022, particularly so Q2, has been among the most challenging of my 33-year career. All major markets, indexes, industrial sectors, and investment styles ended Q2 deeply in negative territory. Stocks, as measured by the S&P 500® Index, had the worst first-half of a year going back 50+ years. Neither bonds nor holding cash itself provided relief.

This link is to a PDF containing our Q2 2022 Market Recap, Performance Review and Near-term Outlook. This Recap incorporates a broad review of global markets, including a series of directly comparable, globally diversified, balanced portfolio benchmarks constructed by iShares (by Blackrock). The commentary and performance information, coupled with the tabled data will, hopefully, help each reader evaluate their own portfolio performance in proper context with just a few numbers.

As always, I am available at any time, any day of the week, to discuss specific portfolio performance questions with all clients.

A.J. Walker, CFA CFP® CIMA®
Founder, President, and CEO
Lake Jericho, LLC

First Quarter 2022 Market Recap, Performance Review and Near-term Outlook

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Hello Friends!

It was a rough start to 2022. And it has been an equally rough start to Q2, with three down weeks in markets in a row, and a bit of a wash-out yesterday. I read this morning that this was the worst start to a year since 1942. I haven’t fact-checked that myself, but it feels about right. Even if it is bit of a stretch. So to say that I am happy to deliver this Q1 Market Recap? That is also a stretch. But here we are.

This link is to a PDF containing our Q1 2022 Market Recap, Performance Review and Near-term Outlook. This Recap incorporates a broad review of global markets, including a series of directly comparable, globally diversified, balanced portfolio benchmarks constructed by iShares (by Blackrock). The commentary and performance information, coupled with the tabled data will, hopefully, help each reader evaluate their own portfolio performance in proper context with just a few numbers.

As always, I am available at any time, any day of the week, to discuss specific portfolio performance questions with all clients.

A.J. Walker, CFA CFP® CIMA®
Founder, President, and CEO
Lake Jericho, LLC

Fourth Quarter 2021 Market Recap, Performance Review and Near-term Outlook

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U.S. stocks rode reopening tailwinds to new all-time highs in 2021, overcoming multiple bouts of risk-off turbulence fueled by Covid-19 variant outbreaks, rising domestic labor costs, global supply-chain disruptions, and the U.S. Federal Reserve’s late-year pivot to a less accommodating tone. Beneath the index-level numbers, however, there was great volatility, dramatic rotations, and in the end significant performance divergence.

This link is to a PDF containing our Q4 2021 Market Recap, Performance Review and Near-term Outlook. This Recap incorporates a broad review of global markets, including a series of directly comparable, globally diversified, balanced portfolio benchmarks constructed by iShares (by Blackrock). The commentary and performance information, coupled with the tabled data will, hopefully, help each reader evaluate their own portfolio performance in proper context with just a few numbers.

As always, I am available at any time, any day of the week, to discuss specific portfolio performance questions with all clients.

A.J. Walker, CFA CFP® CIMA®
Founder, President, and CEO
Lake Jericho, LLC

Third Quarter 2021 Market Recap, Performance Review and Near-term Outlook

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Year-to-date and one-year returns remain above average, boosted by an overwhelmingly positive first half of 2021. Q3 started strong as well. Global markets continued to advance despite lingering concerns over COVID-19 Delta variant infection rates and a barrage of regulatory crackdowns by the Chinese government.

This link is to a PDF containing our Q3 2021 Market Recap, Performance Review and Near-term Outlook. This Recap incorporates a broad review of global markets, including a series of directly comparable, globally diversified, balanced portfolio benchmarks constructed by iShares (by Blackrock). The commentary and performance information, coupled with the tabled data will, hopefully, help each reader evaluate their own portfolio performance in proper context with just a few numbers.

As always, I am available at any time, any day of the week, to discuss specific portfolio performance questions with all clients.

A.J. Walker, CFA CFP® CIMA®
Founder, President, and CEO
Lake Jericho, LLC

Second Quarter 2021 Market Recap, Performance Review and Near-term Outlook

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Q2 2021 saw gains in most stock market indexes, with many closing at or near all-time highs. This is not surprising, as markets continue to be driven by meaningful progress on vaccination rates, accommodative monetary policy, record- shattering fiscal stimulus, and strong corporate earnings growth driven by the reheating of global economies.

This link is to a PDF containing our Q2 2021 Market Recap, Performance Review and Near-term Outlook. This Recap incorporates a broad review of global markets, including a series of directly comparable, globally diversified, balanced portfolio benchmarks constructed by iShares (by Blackrock). The commentary and performance information, coupled with the tabled data will, hopefully, help each reader evaluate their own portfolio performance in proper context with just a few numbers.

As always, I am available at any time, any day of the week, to discuss specific portfolio performance questions with all clients. Until then, be well, enjoy your week, and thank you!

A.J. Walker, CFA CFP® CIMA®
Founder, President, and CEO
Lake Jericho, LLC

First Quarter 2021 Market Recap, Performance Review and Near-term Outlook

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Somehow, we overlooked posting the First Quarter 2021 Market Recap, Performance Review and Near-term Outlook after having pushed it out to clients. Better late than never.

This link is to a PDF containing our Q1 2021 Market Recap, Performance Review and Near-term Outlook. This Recap incorporates a broad review of global markets, including a series of directly comparable, globally diversified, balanced portfolio benchmarks constructed by iShares (by Blackrock). The commentary and performance information, coupled with the tabled data will, hopefully, help each reader evaluate their own portfolio performance in proper context with just a few numbers.

As always, I am available at any time, any day of the week, to discuss specific portfolio performance questions with all clients. Until then, be well, enjoy your week, and thank you!

A.J. Walker, CFA CFP® CIMA®
Founder, President, and CEO
Lake Jericho, LLC

 

4th Quarter 2020: Market Commentary and Near-term Outlook

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Despite a post-election market rotation into beaten down cyclical sectors, meaningful mid- and small-company allocations provided more than enough cover for our bull-headed commitment to growth sector over-weights. Leaning into our positive outlook global growth strategies provided for meaningful out-performance, relative to benchmarks, for the calendar year.

This link is to a PDF containing our Q4 2020 Market Commentary and Near-term Outlook. This Recap incorporates a broad review of global markets, and a series of directly comparable, globally diversified, balanced portfolio benchmarks constructed by iShares (by Blackrock). The commentary and performance information, coupled with the tabled data will, hopefully, help each reader evaluate their own portfolio performance in proper context with just a few numbers.

As always, I am available at any time, any day of the week, to discuss specific portfolio performance questions with all clients. Until then, be well, enjoy your week, and thank you!

A.J. Walker, CFA CFP® CIMA®
Founder, President, and CEO
Lake Jericho, LLC

3rd Quarter 2020: Market Recap and Near-term Outlook

Published date View more posts by authorAJ Walker

Despite moving towards more relatively conservative positioning as Q3 progressed, those decisions, along with fruitful sector calls and weightings, provided for continued positive performance relative to benchmarks by quarter’s end. I encourage you to log into your Client Portal and take a look at where we now stand.

This link is to a PDF containing our Q3 2020 Quarterly Recap and Near-term Outlook. This Recap incorporates a broad review of global markets, and a series of directly comparable, globally diversified, balanced portfolio benchmarks constructed by iShares (by Blackrock). The commentary and performance information, coupled with the tabled data will, hopefully, help each reader evaluate their own portfolio performance in proper context with just a few numbers.

As always, I am available at any time, any day of the week, to discuss specific portfolio performance questions with all clients. Until then, be well, enjoy your week, and thank you!

A.J. Walker, CFA CFP® CIMA®
Founder, President, and CEO
Lake Jericho, LLC