Multi-Asset Solutions Commentaries

  • November 2018 Commentary

    For most investors memories of the November market will be of the steady declines through much of the month, taking...

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  • October 2018 Commentary

    After almost nine years of steady stock market advances the market drop this October naturally came as something of a...

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  • September 2018 Commentary

    Against a backdrop of slowing global growth, the United States once again reasserted its long-term posture of achieving relative economic leadership...

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  • August 2018 Commentary

    Over the past thirty years August has been the worst month for stock investors, a major part of the “sell...

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  • July 2018 Commentary

    With the headlines full of dire news of tariffs and trade wars, and with the end-of-month one-day destruction of $12...

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  • June 2018 Commentary

    Against a backdrop of decelerating global growth, the United States economy, buoyed by recent fiscal stimulus, stood out by essentially...

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  • May 2018 Commentary

    Late May and early June are, among many other things, the seasons of commencement and commencement addresses. As we began...

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  • March 2018 Commentary

    Global equities started the year with a bang and enjoyed a rather parabolic “melt-up” rally that abruptly ended on January...

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  • February 2018 Commentary

    Last month we detailed the unprecedented stock market run of 2017 and early 2018 and raised cautions about the inevitable...

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  • January 2018 Commentary

    Following the S&P 500®’s 21.8% return in 2017, January began with an even steeper upward trend, widely referred to as...

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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.