On February 2, 2023, SouthCol Advisors Founder James Lumberg presented the fourth quarter market review, “Emerging Light?”

Read the Q4 2022 Investor Letter here.

Segment Time Segment Content
00:00​ – 00:29 Introduction
00:29​ – 02:44 Equity Markets YTD 2023 2023-01-30
02:44 – 03:35 S&P 500 Sector Performance YTD 2023
03:35​ – 04:27 Bonds: 10-year Treasury Yield – Trailing 180 Days
04:27 – 05:41 Treasury Yield Curve
05:41 – 06:20 Where We Left Off: Climbing The Wall of Worry
06:20 – 07:30 Where We Are Now: Fed Chair Prepared Comments
07:30 – 09:00 Inflation | Changes in US CPI since 1965
09:00 – 09:54 U.S. Gross Domestic Product
09:54 – 11:08 U.S. Employment and Job Market
11:08 – 12:00 U.S. 30-Year Mortgage Rates
12:00 – 12:51 Federal Funds Rates
12:51 – 13:09 Looking Forward
13:09 – 13:51 S&P 500 Earnings
13:51 – 15:04 Quarterly U.S. Corporate Earnings & 2023 Estimates
15:04 – 16:22 A Case for Optimism
16:22 – 18:04 Impact of Possible Escalation in the Russian War?
18:04 – 18:56 Fund Performance as of February 1, 2023