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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“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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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.