The Independent Market Observer

Monthly Market Risk Update: March 2023 [SlideShare]

Posted by Brad McMillan, CFA, CAIA, MAI

Find me on:

This entry was posted on Mar 16, 2023 2:53:32 PM

and tagged Monthly Market Risk Updates

Leave a comment

Monthly Market Risk Update My colleague Sam Millette, director, fixed income on Commonwealth’s Investment Management and Research team, helped me put together this month’s Market Risk Update. Thanks for the assist, Sam! Let’s take a closer look.

February was a challenging month for equity investors, as a late-month sell-off brought all three major U.S. indices into red territory for the month. The S&P 500 lost 2.44 percent in February, while the Dow Jones Industrial Average dropped 3.94 percent. The Nasdaq Composite held up the best, but even this technology-heavy index lost 1.01 percent in February. Additionally, rising bond yields pressured equity valuations and performance during the month.

Given that many of the indicators we track in this update remain in red or yellow territory, we have left the overall market risk level at red for now.

View a breakdown of the risks we’re watching in this SlideShare.


Subscribe via Email

New call-to-action
Crash-Test Investing

Hot Topics



New Call-to-action

Conversations

Archives

see all

Subscribe


Disclosure

The information on this website is intended for informational/educational purposes only and should not be construed as investment advice, a solicitation, or a recommendation to buy or sell any security or investment product. Please contact your financial professional for more information specific to your situation.

Certain sections of this commentary contain forward-looking statements that are based on our reasonable expectations, estimates, projections, and assumptions. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Past performance is not indicative of future results. Diversification does not assure a profit or protect against loss in declining markets.

The S&P 500 Index is a broad-based measurement of changes in stock market conditions based on the average performance of 500 widely held common stocks. All indices are unmanaged and investors cannot invest directly in an index.

The MSCI EAFE (Europe, Australia, Far East) Index is a free float‐adjusted market capitalization index that is designed to measure the equity market performance of developed markets, excluding the U.S. and Canada. The MSCI EAFE Index consists of 21 developed market country indices.

One basis point (bp) is equal to 1/100th of 1 percent, or 0.01 percent.

Third-party links are provided to you as a courtesy. We make no representation as to the completeness or accuracy of information provided on these websites. Information on such sites, including third-party links contained within, should not be construed as an endorsement or adoption by Commonwealth of any kind. You should consult with a financial advisor regarding your specific situation.

Member FINRASIPC

Please review our Terms of Use

Commonwealth Financial Network®