Steve Bruce

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Is Diversification Dead? A Look at U.S. vs. International Equities

2024 was a banner year for U.S. Large Cap stocks, with the S&P 500 outperforming International Developed equities (EAFE) by an impressive 22.5%. This extraordinary gap has many asking, “Is diversification dead?” 2024 in Context To truly appreciate the magnitude of last year’s performance disparity, consider this: since 1970, there have been only two other […]
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But What Changed – December 2024

2024 has been a remarkable year. With the S&P 500 up nearly 30%, it has delivered the 5th most all-time highs since 1950 and back-to-back 20%+ gains for the first time since the 1990s. This exceptional performance warrants both celebration and caution. While 2025 may not mirror this level of success, the data doesn’t suggest […]
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Presidential Elections & Market Trends: What History Tells Us

With the dust settling from Tuesday’s presidential election, many investors are asking: What does a Donald Trump presidency mean for their portfolios? The initial post-election market surge indicates a clear risk-on appetite among investors, but is this behavior typical? A Look at History Since 1928, there have been five instances where the presidency switched from […]
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S&P 500 All-Time Highs By Year

On Monday, the S&P 500 recorded its 51st all-time high of the year. If that sounds impressive, it is! Since 1950, only 7 years have had more all-time highs, and with over a month to go, 2024 could climb even higher in the rankings. A little historical perspective: Out of the 75 years since 1950, […]
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