Steve Bruce

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Strength in the Russell 2000

Small cap stocks have been on quite a tear the last few days, with the Russell 2000 marking its best 5-day run of performance since the first half of 2020. As an investor, buying into strength can be challenging, especially exceptional strength. However, history shows that strong performances in small caps often lead to continued […]
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Investment Grade Corporate Bond Performance Relative to the S&P 500

Exploring investment-grade corporate bonds unveils a landscape rich with potential returns. However, it’s crucial to recognize that not all market conditions are conducive to corporate debt. Like their equity counterparts, these bonds are intricately tied to the economic cycle, often exhibiting underperformance during periods of economic downturn and stock market weakness. Discerning which market environments […]
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Technology Sector Sees Significant Decline

Yesterday, the technology sector experienced a substantial loss, dropping over 2.5% amidst heavy selling. To put this into perspective, if we look at the tech sector’s performance since 1999, yesterday’s decline ranks in the top 5% of the largest daily losses and marks the biggest drop since December 2022. For many investors, technology stocks have […]
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Latest U.S. Building Permits Data: What It Means for the Economy and Your Investments

Yesterday, the Census Bureau released its preliminary monthly U.S. Building Permits data. This indicator measures the change in the number of new building permits issued by the government and is a key economic metric. Why? Because building permits offers early signals about future construction activity, economic confidence, and broader economic trends. The issuance of building […]
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High Yield Bonds Are Not Core Fixed Income Holdings

In the world of fixed income, it’s crucial to recognize that not all bonds are cut from the same cloth. Investors typically invest in bonds for three primary reasons: safety of principal, income generation, and diversification from equities. It’s this diversification aspect that holds particular significance for long-term investors. However, as we move down the […]
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