Fueled by rapidly dropping global COVID-19 cases and continued monetary and fiscal stimulus, equity markets continued to hit new record highs, with little volatility, in the second quarter.  Economic growth accelerated and the S&P 500 outpaced Q1’s solid return by gaining 8.5% to bring its year-to-date gain to 15.2%. The top performing sectors in the […]

In Loving Memory of R. Randall Grace, Jr. (1971-2021) The Chilton Investment team is shocked and deeply saddened by the sudden passing of our friend and colleague, Randall Grace. Randall was an incredibly talented and hard-working teammate who contributed immensely to the success of the G&I team and Chilton as a whole. We will miss […]

A resilient, forward looking market rounded out 2020 with a third consecutive quarter of impressive gains. The S&P 500 index added 12.1% in the quarter, closing at an all-time high of 3,756 on December 31st, and registering a surprisingly strong 18.4% total return for the year. Top performing sectors in 2020 were Information Technology, Consumer […]

Supported by a continued global economic recovery, the market tacked on more gains in the third quarter. The S&P 500 index returned 8.5% (8.9% with dividends) to bring its year-to-date total return to 5.6%. This follows a significant (>50%) move higher from March lows. As a matter of fact, the index hit a new all-time […]

After finishing the first quarter at depressed levels, growing evidence of an economic recovery as well as highly supportive government monetary and fiscal stimulus helped drive the S&P 500 20% higher in Q2, its biggest move in over twenty years. Remarkably at one point, the index even revisited unchanged territory for the year. However, the […]

A lifetime’s worth of market action was packed into an unbelievably chaotic first quarter of 2020. After an early +5% move to an all-time high of 3,386 on February 19th, the quickly spreading coronavirus (COVID-19) pandemic, along with the collapse of the oil markets, pushed the S&P 500 down 34% to a new multi-year low. […]

  After a harrowing end to 2018, which left the S&P 500 at a depressed starting point, an accommodative Federal Reserve and progress on trade wars drove the index to new all-time highs in 2019. Stocks gained ground each quarter, including a +9.1% fourth quarter move, finishing the year with a +31.5% total return, the […]

  The S&P 500 continued to show remarkable resilience in the third quarter, gaining 1.7% to close at 2,977 despite a spreading global economic slowdown and continued lack of a US-China trade deal. This result brings the YTD total return of the index to 20.6%. The top performing sectors for the quarter were Utilities, Real […]

  Despite a continued economic slowdown and lack of a US-China trade deal, the robust 2019 market rally continued in the second quarter, with the S&P 500 moving +4.3% to close at 2,941. For the first six months of the year, the total return of the index was +18.5%, the best first half since 1997. […]

  The market soared in the first three months of 2019, with the S&P 500 making its largest quarterly gain since the third quarter of 2009. A relatively inexpensive and oversold market at the beginning of the year had positioned stocks for a bounce. Fading fears regarding potential Fed missteps, interest rates, and trade wars […]