Epiphany ESG Equity Fund Market Commentary

  • July 27, 2022

    2nd Quarter 2022 Epiphany ESG Equity Fund Commentary

    The U.S. stock markets were negative for the second consecutive quarter with the first back-to-back quarterly declines in the S&P 500 Index since 2008-09. The S&P 500 Index fell -16.10% in Q2 and is down -19.96% YTD, the weakest first half of the year since 1970. The S&P 500 Index entered bear market territory in June, down -20% from its 1/3/2022 high, touching a YTD low of -23.55% on 6/16/2022, before rallying in the second half of June.

  • May 5, 2022

    1st Quarter 2022 Epiphany ESG Equity Fund Commentary

    The U.S. stock markets were negative for the quarter as investors began to focus on changes in monetary policy, higher inflation, rising interest rates, and slower earnings momentum. Russia’s invasion of Ukraine on February 24th triggered a significant economic shift that sent many commodity prices higher and put further strain on supply chains, but also saw growth stocks rebound slightly from their early quarter swoon.

  • January 24, 2022

    4th Quarter 2021 Epiphany ESG Equity Fund Commentary

    In 2021, the S&P 500 Index returned +28.71% in another strong year for US equity markets. While the market did pullback coming into October and into December, these retreats were both brief and shallow. A Santa Claus rally then capped a +11.03% Q4 return for the S&P 500 Index.

  • November 15, 2021

    3rd Quarter 2021 Epiphany ESG Equity Fund

    Large-cap U.S. equities continued their strong momentum into Q3, with the S&P 500 Index setting new record highs 15 times in the quarter’s first 32 trading days. On August 16, the S&P 500 closed more than double the March 23, 2020 close (2237.40), the fastest doubling of the index since WWII.

  • July 20, 2021

    2nd Quarter 2021 Epiphany ESG Equity Fund Commentary

    Beginning the quarter with strong momentum, the market set 8 new record highs for the S&P 500 Index in the first 11 trading days. Q1 earnings for the S&P 500 Index came in at the highest level ever, with the majority of companies reporting positive surprises on both EPS and revenue.

  • April 23, 2021

    1st Quarter 2021 Epiphany ESG Equity Fund Commentary

    The S&P 500 Index began 2021 at a historical high. Stocks continued to move broadly higher in January, with the S&P 500 Index notching five record highs before a week of R&R (Reddit and Robinhood) at month end erased those gains and left the S&P 500 negative for the opening month of 2021.

Stay Informed With The Changing Markets