A few weeks ago, the team traveled to California for our first in-person due diligence trip since February 2020. While we have adopted virtual meetings since then, we were eager to get on a plane and sit across the table from other financial professionals. As you...
Market Updates
Sendero Chart of the Month
According to the National Association of Realtors, sales of existing homes were up 7.7% in September and prices were up 13.3% from a year earlier. However, sales of homes priced at $250,000 or less dropped more than 20% in September, while those in the $250,000...
Federal Reserve. Rock and a Hard Place?
The “Great Resignation”
The S&P 500 had a fast start to the third quarter of 2021 only to be held back by September’s -4.7% return, marking the first monthly drop since January. Despite a poor September, the S&P 500 managed a 0.6% return for the third quarter. Market volatility...
New Quarter, Same Worries
Sendero Chart of the Month
On September 22, Federal Reserve Chair Jerome Powell said the U.S. central bank could begin scaling back asset purchases this November and complete the process by mid-2022. After, Powell told reporters Wednesday that tapering “could come as soon as the next...
September: Wall of Worry Holds True?
The S&P 500 index is down 3.6% so far in September (as of Sept. 20, 2021), holding true to its seasonal monthly weakness. The wall of worry for investors includes the economy slowing down (i.e., “peak growth” and inflation fears), Fed tapering and debt ceiling,...
Sell in May and Buy Back in October
Record Market Highs: Opportunities & Risks Going Forward
The Fed’s Economic Symposium Discusses Tapering
Markets are paying attention to the Federal Reserve nearing agreement to reduce the size of its asset-purchase program before the end of the year. The Fed's July minutes showed that many members are in favor of tapering this year, sooner than what investors were...
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