Vergennes, VT Financial Advisors

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.