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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“No Landing”, Fed Backstop & AI Have Markets Cruising

March 2024

Equity markets continued to be kind to investors as we started 2024. Resilient economic growth and reassuring corporate earnings allowed stocks to build upon last year’s gains. Growth-oriented stocks continued to outperform, although market gains were fairly broad. For the first quarter, the S&P 500® Index gained 10.6% to record highs and the Russell 2000® Index advanced 5.2%. Three primary forces seem to be driving markets: the economy, Fed policy and artificial intelligence (AI).

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Big Potential in Small Caps

March 2024

More favorable valuations and potential rate cuts later in the year may bode well for small caps. Click below to read more about why small caps’ divergence from S&P 500® may present an opportunity.

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Don’t Assume the Outcome

February 2024

Join us for an estate planning session featuring speakers from Virginia Estate & Trust Law, PLC where they will detail an estate plan’s most important pieces to avoid missteps and missed assumptions that can alter your legacy.

Click below to watch the recorded Zoom presentation.

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Core Leaders Portfolio: Focusing on Quality

January 2024

The Davenport Core Leaders Portfolio seeks to own high-quality companies with attractive structural growth characteristics. Read on as Jeffrey Omohundro, Portfolio Manager for the Core Leaders Portfolio, explains why we believe these high-quality companies will produce solid investment performance over time.

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Davenport Equity Opportunities Fund: Unafraid to Be Different

January 2024

Business Insider sat down with Equity Opportunities co-managers George Smith and Chris Pearson as they explain how they have “consistently brought in strong returns by being willing to be different.” Click below to read the full interview on how they have outperformed for over a decade, what they’re looking for in an investment, and the stocks they’re watching in 2024.

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2023 Meets 2024

December 2023

Equity markets generated surprisingly robust returns in 2023. The S&P 500® Index gained 26.3% for the year and the Russell 2000® Index returned 16.9%. Much of the gains were fueled by a feverish late-year rally. For the fourth quarter alone, the S&P and Russell returned 11.7% and 14.0%, respectively. As you may recall, we came into 2023 with rampant negativity and widespread calls for a recession. While there were hurdles to surmount along the way, markets largely defied the odds and generated very impressive results.

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2024 Fixed Income Outlook

December 2023

Please join Kevin Hopkins, Chris Kelley, and Will Cleland after the last Federal Open Market Committee (FOMC) meeting of 2023 as they discuss how to prepare for 2024 in an ever evolving bond market.

Click below to watch the recorded Zoom presentation.

WATCH THE VIDEO


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.