Global stock returns were mixed yet relatively flat in the second quarter—except for a handful of mega-cap U.S. companies (“The Magnificent Seven”), which once again dominated the return of market capitalization-weighted indices.
This coming June 1st will mark the 20th anniversary of Bristlecone. Many of you were there with us at the beginning of the firm, many more have joined since. We deeply appreciate the trust each of you has placed in us over the years.
Rather than pay attention to these useless oracles, we stick to a disciplined investment strategy that has delivered predictable long-term outcomes through different types of—unpredictable—market environments: diversify across asset classes and ride out the cycles.
This increased deficit and a resilient job market made investors worry that the Fed would continue raising rates or, at the very least, hold them “higher for longer.” The result was a “bear steepening” of the yield curve, whereby the last few months saw a continuation of the defining trend of the past 1-2 years: a relentless rise in interest rates.
Don't get distracted! (...) Small or large crises regularly crop up and cause investors to question the future of the markets.
With these recent unsettling headlines affecting banks, we thought it worthwhile to review and explain what layers of protection are available to your depositors' and investors' accounts.