Vergennes, VT
Financial Advisors

2024 Year-end Market and Economic Review

One Day In July Vergennes | February 19, 2025

The US stock market had another excellent year in 2024, with the Russell 3000 (representing roughly 98% of the investable US stock market) returning 23.81% for the full year. Most sub-sectors of the stock market posted positive returns for the year, as the incoming tide of economic growth lifted all ships.

2024 Midyear Client Letter

One Day In July Vergennes | July 30, 2024

The stock market continued its torrid rally during the first half of 2024, with the Russell 3000 posting a positive total return of 13.33%. As discussed in previous letters to you, this rally has been largely driven by the technology sector, with most of the gains accruing to the largest names most affiliated with the artificial intelligence (AI) “revolution.”

2023 Market and Economic Review

One Day In July Vergennes | July 30, 2024

What a year that was! Coming off the disastrous year of 2022, the outlook for the equity markets continued to be bleak to start 2023. The Federal Reserve was still intent on raising interest rates, and persistently higher interest rates had been a primary catalyst for poor equity market performance in 2022.

2023 Midyear Client Letter

One Day In July Vergennes | July 26, 2023

The dire economic outlook at the beginning of the year likely resulted in stocks being underowned to some degree. As the economy continued apace, cash came off the sidelines to buy stocks and shorts needed to be covered, accelerating the market’s upward trajectory.

2023 Quarter 1 Update

One Day In July Vergennes | April 25, 2023

The stock market rally that began during the fourth quarter of last year continued through most of the first quarter of 2023. Our preferred benchmark, the Russell 3000, returned 7.18% for the three months ended March 31, 2023.

2022 Quarter 4 Update

One Day In July Vergennes | January 13, 2023

Investment returns were generally positive during the fourth quarter, with U.S. stock and bond markets clawing back a portion of the drawdown incurred over the first nine months of 2022.