Sawgrass Asset Management, LLC

The 2nd quarter saw another strong equity market, but one that continued to show disparities between growth/value and large/small stocks. The fixed income market was choppy while still trying to find some certainty on the inflation front and the timing of Fed cuts.  David Siegel, CFA and Anthony Brooks provide a recap of the quarter and what investors should look for as we enter the 2nd half of the year. https://lnkd.in/e7BrKtcw

The large cap market experienced another solid month of growth in June. In the most recent Monthly Market Musing, portfolio manager Anthony Brooks discusses the disparity in returns amongst the different classes of equity and the major tailwinds that propelled market gains through the first half of 2024. https://lnkd.in/e_8-Yaww

Wishing everyone a safe, and joyous Independence Day! Let's remember our past, honor our heroes, and shape a future of promise. On behalf of Sawgrass Asset Management, LLC, Happy Independence Day!

Congratulations to the FPPTA_Florida Public Pension Trustees Assoc. for their 40th anniversary and for putting on another great annual conference. Sawgrass was proud to participate and have some fun at our annual casino night, and by helping to educate trustees with a lunch and learn presentation. The goal of our presentation was to highlight the importance of traditional investments in an overall portfolio, especially considering the array of alternative investment options being offered in this environment. For further insights on our thoughts and product offerings, please reach out to us at https://lnkd.in/gn4NWVRF.

Underlying factors are continuing to indicate signs of a change in leadership within the equity markets. In his latest white paper titled “FROM GIANTS TO GEMS: ANTICIPATING THE SMALL CAP LEADERSHIP CYCLE”, Patrick Riley, CFA, outlines the evidence pointing to a market that could be led by small-cap stocks. Pat shows how factors such as leadership cycle duration, mega-cap concentration, large and small relative valuation, and earnings appreciation all play a part in why high quality small-cap stocks could be in line to outperform and how investors can stand to benefit from this shift.  For further insights from the Sawgrass Asset Management, LLC team, please visit us at https://lnkd.in/euC84K9y. https://lnkd.in/gPdgrdeV

Investors did not heed the old adage ‘Sell in May and Go Away’ as equity markets charged forward last month, erasing April’s losses and closing at fresh all-time highs. Fed commentary on the timing of rate cuts and a resurgence of meme stocks made headlines, but the artificial intelligence theme continued to dominate the market movement. Portfolio manager Anthony Brooks discusses the character of May’s market advance in our latest investment review. https://lnkd.in/e_8-Yaww

The legacy of brave men and women who have fought and died for their country is the freedom we enjoy as Americans. - Lucian Adams On this Memorial Day, we remember and honor the sacrifice of the brave members of our Armed Forces. Let us all appreciate the freedoms we enjoy thanks to the valor of others.

Sawgrass Asset Management, LLC was happy to contribute to such an informative piece

After five straight months of positive returns, equity markets pulled back in April. Economic data, particularly persistent inflation, and an uncertain path of interest rates took precedence. Investors are being more selective with an emphasis on company specific earnings and outlooks, which was reflected in performance. Marc Davis, CFA, provides an overview of the factors that impacted the markets in April and how they may be shaped as we head toward the halfway point of 2024. https://lnkd.in/e_8-Yaww

Mega-caps drove the equity market in the 1st quarter, albeit with some signs of divergence amongst the top names, and bonds slightly regressed from their record-setting performance seen in the previous quarter. David Siegel, CFA, and Anthony Brooks provide an overview of the conditions that affected both asset classes and how we view their outlooks going forward. https://lnkd.in/eunVE5zK