On August 4, 2022, UMF investment advisor Jim Lumberg of SouthCol Advisors, LLC, presented the second quarter market review, “Climbing the Wall of Worry.”

Read the Q2 2022 Investor Letter here.

 

Segment Time Segment Content
00:00​ – 00:08 Introduction
00:08​ – 02:15 Global Equity Markets Year to Date 2022-08-01
02:15​ – 02:40 S&P 500 Index: Trailing 180 days
02:40​ – 03:17 S&P 500 Sector Performance
03:17 – 03:54 Domestic vs. International Equities
03:54 – 04:31 Bonds: 10-year Treasury Yield – Trailing 180 Days
04:31 – 05:44 Climbing the Wall of Worry
05:44 – 06:30 Inflation | Changes in US CPI since 1965
06:30 – 07:55 Historically Spikes in Inflation are Transitory
07:55 – 08:39 Federal Funds Rate
08:39 – 09:18 Consumer Confidence Index
09:18 – 10:34 U.S. Gross Domestic Product
10:34 – 11:33 Quarterly U.S. Corporate Profits & 2023 Estimates
11:33 – 12:14 S&P 500 Price/Earnings Ratio
12:14 – 13:10 Copper – Spot Rates
13:10 – 13:52 Crude Oil – Spot Rates
13:52 – 15:12 Bonds: 10-Year Treasury Yield Curve – Trailing 180 Days
15:12 – 15:55 S&P 500 Performance in Fed Rate-Hike Cycles
15:55 – 17:25 S&P 500 Max Drowdowns and Calendar Year Returns (%)
17:25 – 18:38 Stay focused on what we can control
18:38 – 20:32 Pastoral reflection on Jesus’s “Do not worry”
20:32 – 22:04 UMFNIC Model Allocations
22:04 – 23:34 Fund Performance as of June 30, 2022
23:34 – 25:00 Fund Performance as of August 3, 2022
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