insights

Equity indexes posted strong returns in 2023. Leading the way were U.S. large technology stocks that posted extraordinary gains as evidenced by the NASDAQ Composite and S&P 500’s returns of 44% and 26% respectively. U.S. small‐cap stocks posted robust gains in the fourth quarter, as long‐term interest rates declined, pushing stocks up 15% for the […]

Equity indexes have had a wide dispersion of returns this year.  U.S. large technology stocks have posted strong gains as evidenced by the NASDAQ Composite return of 27%, whereas their small-cap counterparts are only up 1%.  Developed international indexes are up modestly due in large part to a modest weighting of technology stocks and a