Powerfund Portfolios Performance Review
August 2024 Performance Review
The smooth ride up for US stocks seems to have ended as investors grapple with the good news of slowing inflation and likely rate decreases by the Fed, alongside the potentially bad news that the reason for inflation coming down is that the entire economy might follow it downward. Dropping rates slowly may not be enough to prevent this. ...read the rest of this article»
July 2024 Performance Review
When U.S. large-cap growth stock leadership flips, we tend to do well, and we had a solid benchmark-beating month, the first in quite some time. ...read the rest of this article»
June 2024 Performance Review
Inflation is down, but US central bankers are still on high alert. ...read the rest of this article»
May 2024 Performance Review
Rising speculation in crypto and meme stocks didn’t seem to alarm investors even though it could mean the Fed is going to keep burning money a bit longer. ...read the rest of this article»
April 2024 Performance Review
In April 2024 the financial markets experienced heightened volatility due to an increase in interest rates, which impacted bond prices. Our Conservative portfolio declined by 3.86%, while our Aggressive portfolio fell 3.06%. ...read the rest of this article»
March 2024 Performance Review
March deviated from the norm with the S&P 500 index not beating 90% of fund returns — it was more in the middle of all stock fund categories with a still respectable 3.22% gain. It seems the longstanding outperformance of the top growth stocks may be waning. ...read the rest of this article»
February 2024 Performance Review
The market booked another strong month for U.S. stocks. The only foreign market that outperformed the U.S. in February was China which rebounded nearly 10%. ...read the rest of this article»
January 2024 Performance Review
December's significant returns for stocks and bonds largely fizzled out in January, at least for non-US stocks. ...read the rest of this article»
2023 Performance Review
Falling inflation, a surprisingly robust economy, and expectations of reduced short-term rates led to a dramatic decrease in long-term rates and a significant stock market rally, especially in speculative sectors that suffered in 2022. ...read the rest of this article»
September 2024 Performance Review
Stocks and bonds had a solid month as investors grow increasingly comfortable with the notion that we can avoid a recession and inflation with the current path of central bank management. The real action was in China—the hottest market by far — with more than a 20% return in September, mostly from the last two weeks alone.