Manager's Pulse Blog

<sup>Portfolio Management Team&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; September 25, 2023&#160;<br/></sup>

Portfolio Management Team                        September 25, 2023 

Equity markets finished lower for the week, with heightened concerns surrounding a government shutdown, hawkish forecasts from the Federal Reserve, rising U.S. Treasury yields, a softening labor market, and weakening consumer activity. The continuing United Auto Workers’ strike has also sparked worries on how it could weigh on the markets.

<sup>Portfolio Management Team&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; September 18, 2023&#160;<br/></sup>

Portfolio Management Team                        September 18, 2023 

Equity markets finished last week mixed, with value stocks outperforming growth, and large-caps outperforming mid and small-caps. Ultimately, the Dow Jones Industrial Average finished 0.14% higher, while the S&P 500 Index and NASDAQ finished -012% and -0.37% lower, respectively.