Client Communications

  • Large-Cap Report 1Q19

    The stock market rebounded in the first quarter as the U.S. Federal Reserve (Fed) pivoted on its intent to raise...

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  • Fixed Income Report 1Q19

    The Federal Reserve Bank (Fed) shifted its forward monetary policy expectation from additional tightening to a more data dependent...

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  • Large-Cap Report 4Q18

    The stock market teetered in the fourth quarter as sentiment overshadowed economic fundamentals and drove mark indices sharply lower. During...

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  • Fixed Income Report 4Q18

    Treasury yields navigated a wide range during the quarter as the market’s view on Federal Reserve (Fed) monetary policy...

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  • Large-Cap Report 3Q18

    The stock market reached all-time highs during the third quarter as we marked the 10-year anniversary of the Lehman Brothers...

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  • Fixed Income Report 3Q18

    Treasury yields continued to move higher during the third quarter. The 2-year Treasury yield rose 29 basis points (bps)...

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  • Large-Cap Report 2Q18

    Volatility continued in the second quarter with both stocks and bonds experiencing large swings as investors reacted to shifting interest...

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  • Fixed Income Report 2Q18

    Treasury yields moved higher during the quarter but closed well below their mid-May highs as concerns over escalating trade...

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  • Large-Cap Report 1Q18

    After near perfection in 2017, the equity markets assumed a more typical behavior in the first quarter of 2018 as...

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  • Fixed Income Report 1Q18

    Investors began the first quarter with high expectations that tax reform’s fiscal stimulus would boost economic growth, largely offsetting...

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    •  An investment cannot be made directly into an index.

      Nothing contained herein is intended to be a recommendation to buy or sell any security. Nothing contained herein is intended to represent the performance of any Madison Fund or product. Past performance is no guarantee of future results. 

      Bonds are subject to certain risks including interest rate risk, credit risk and inflation risk. Equity risk is the risk that securities will fluctuate in value due to general market or economic conditions. 

    • “Madison” and/or “Madison Investments” is the unifying tradename of Madison Investment Holdings, Inc., Madison Asset Management, LLC, and Madison Investment Advisors, LLC, which also includes the Madison Scottsdale office.  Madison Funds are distributed by MFD Distributor, LLC.  Madison is registered as an investment adviser with the U.S. Securities and Exchange Commission.  MFD Distributor, LLC is registered with the U.S. Securities and Exchange Commission as a broker-dealer, and is a member firm of the Financial Industry Regulatory Authority. 

      Madison Investments shares all personnel and resources at their Madison, Wisconsin location. Statistical data is for the consolidated Madison organization. The Madison organization consists of its holding company, Madison Investment Holdings, Inc. and its affiliates: Madison Asset Management, LLC; Madison Investment Advisors, LLC; and Hansberger Growth Investors, LP. Asset information presented includes non-discretionary assets. Refer to each entity’s Disclosure Brochure for more information.