Climbing the Wall

October 2024

Who would have guessed the S&P would be up 22% nine months into the year? Or that the S&P and Dow would be up 10 of the last 11 months? Such feats would seem improbable to most given geopolitical risks, election anxiety and recession fears. Just a few weeks ago many investors thought the sky was falling…now we are sitting at record highs with the help of our friends at the Fed. But, it hasn’t all been kicks and giggles. While technology behemoths have propelled monster returns for the S&P, many other areas have lagged or downright struggled this year. We still like many of the tech leaders, but there could be more relative value elsewhere at the moment. Read on for our full Q3 stock market update.

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The Rate Cut Cycle Has Begun

September 2024

We can exhale – the FOMC opted for a larger 50 bps cut. Read on as Asset Management’s Fixed Income Team shares their thoughts on yesterday’s Fed rate cut decision.

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Value & Income Portfolio: Fair Prices & Long Horizons

September 2024

What matters most in determining the price of an investment? It’s an important question, and one that arguably has more incorrect answers than correct ones. In the Davenport Value & Income Portfolio, we strive to separate the long-term “signals” from the short-term “noise”. Click below to read more about how we watch the horizon and invest for the long-term. 

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Investment Implications of the 2024 Presidential Election

September 2024

Watch this video of Davenport Asset Management hosting Philip Orlando, Chief Equity Market Strategist of Federated Hermes, as he discusses the investment implications of the upcoming 2024 US presidential election. Click below to watch the recorded Zoom presentation.

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Dog Days Bring Volatility

August 2024

Much has changed since we penned our mid-year market update. In fact, it almost feels as though that letter is already obsolete. Click below to read more about our thoughts on recent market volatility, and how our Davenport Funds are faring.

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The Fed, AI, and a Narrow Market

July 2024

So far in 2024, results for equity markets have been mixed and the lead stories have been the Federal Reserve, artificial intelligence (AI) and “narrow” returns. Read on for our full Q2 stock market update.

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Value & Income Portfolio: Patience is a Virtue

May 2024

As Mark Twain said, “history doesn’t repeat itself, but it often rhymes.” Within the Davenport Value & Income Portfolio we seek companies with reasonable valuations, solid finances, and reasonable growth potential that translates into a cash flow stream enabling good dividend track records. Click below to read more about why patience is a virtue when it comes to dividend paying stocks.

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The Perils of a Partisan Portfolio

May 2024

As the great Warren Buffett once said, “If you mix your politics with your investment decisions you’re making a big mistake.” With the 2024 election nearly upon us, we encourage everyone to vote at the ballot box, but perhaps not with your portfolio. Click below to read our case study about The Perils of a Partisan Portfolio.

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Disclosure: The information contained herein has been compiled from sources believed to be reliable; however, there is no guarantee of its accuracy or completeness. The Russell 2000 Index measures the performance of the 2000 smallest companies in the Russell 3000 Index, which represents approximately 8% of the total market. The S&P 500 Index is comprised of 500 U.S. stocks and is an indicator of the performance of the overall U.S. stock market. An investor cannot invest in an index and index returns are not indicative of the performance of any specific investment. Past performance is not indicative of future results.