Oarsman Outlook: October 2021

After a spectacular fifteen-month rally, financial-market returns for the third calendar quarter were decidedly lackluster.  A September dip of 5% left large-company U.S. stocks roughly flat on the quarter; small-cap stocks fell 3% to 4%, while real-estate equities...

Oarsman Outlook: July 2021

All major investment categories recorded solidly positive results during the second calendar quarter.  Domestic equity benchmarks gained between 5% and 9%, with large-company stocks outperforming small-caps.  Non-U.S. markets rose 4% to 6%, with developed markets...

Oarsman Outlook: April 2021

As investors anticipated the strongest economy in a half-century, the January-March period saw a re-acceleration of the year-old financial-market rally.  Domestic equity benchmarks jumped between 6% and 13%, with small-company stocks leading by a wide margin. ...