April Market Outlook
Markets fluctuated throughout April in response to tariff announcements. Despite notable intramonth swings in both directions, U.S. large-cap stocks, as represented by the S&P 500, ended the month down just 0.7%. The Russell 2000 Index, which tracks U.S. small-cap stocks, declined 2.3%. U.S. intermediate-term bonds, as measured by the Bloomberg U.S. Aggregate Bond Index, gained […]
Blue Line Market Outlook (2025-Q2)
March 2025 Market Commentary
U.S. equity markets faced a challenging first quarter. U.S. large-cap stocks, as represented by the S&P 500, ended the first three months of 2025 down 4.3%, while the small-cap Russell 2000 Index declined 9.5%. This marked the worst quarter for both U.S. large- and small-cap stocks since the second quarter of 2022. In contrast, U.S. […]
February 2025 Market Commentary
Markets produced mixed results in February. U.S. large-cap stocks, as represented by the S&P 500, ended the month down 1.3%, while the U.S. small-cap Russell 2000 Index ended February down 5.3%. U.S. intermediate-term bonds fared well, as the Bloomberg U.S. Aggregate Bond Index gained 2.2%.
Macro & Market Trends
Overall, the U.S. economy remains resilient, with respectable preliminary Q4 GDP growth estimates, continued expansion in the ISM Services PMI, a durable labor market, and signs of growth in the manufacturing sector. U.S. stocks underperformed international counterparts in January, with the S&P 500 closing the first month of the new year up 2.8%. As anticipated, […]
January 2025 Market Commentary
Markets produced compelling gains in the first month of 2025. U.S. large-cap stocks, as represented by the S&P 500 Index, ended January up 2.8% while the U.S. small-cap Russell 2000 Index gained 2.6%. U.S. intermediate-term bonds, as represented by the Bloomberg U.S. Aggregate Bond Index, ended January up a modest 0.5
Blue Line Market Outlook (2025-Q1)
Blue Line Capital December 2024 Viewpoint
Blue Line Capital November 2024 Viewpoint
2024 Election: Where to From Here?
On Wednesday, November 6, with 277 of the 270 electoral college votes needed, Trump was declared the winner of the 2024 U.S. Presidential Election. Trump will be sworn in at the inauguration on Monday, January 20, 2025, and the new members of Congress will assemble on January 3, 2025. The Republican party has also gained […]
