Whereas the first half of the year’s market performance was narrowly dominated by the S&P 500, since the end of the second quarter, a broader-based performance has taken hold with smaller stocks outperforming the S&P 500 so far.
This is why we maintain a diversified portfolio and don’t want to chase historical performance; we continue to maintain our disciplined process of risk management.
Rally in the Remainder
- We believe the preservation of capital is key to consistent, long-term investment success.
- Our investment approach is grounded in economic theory and backed by quantitative analysis.
- Managing drawdown risk is a pillar from which we build our portfolios.
60-Second Breakdown: October 14, 2024
Redwood Senior Analyst Michael C. Sasaki, CFA® discusses recent market performance and explains this week’s chart.