To Our Clients and Friends of Parthenon Capital Management Stocks finished the third quarter down marginally as measured by the S&P 500 Index. The Index, with dividends included, was down .97% in the quarter and down 1.37% through the first three quarters. The market has continued to weaken slightly in the fourth quarter with the…
To Our Clients and Friends of Parthenon Capital Management The S&P 500 rose 2.3% in the first quarter while the 30-year Treasury bond yield fell from 6.48% to 5.84% although shorter rates increased on average by .25% to .50%. That concludes our summation of the first quarter. We suspect the market’s activity in the first…
A new, high-powered money-management firm has dived into the Louisville market. Seven former employees of J.J.B. Hilliard, W.L. Lyons have formed Parthenon Capital Management, which began operations last week. “We like the visual imagery and strength of the name,” said Todd Lowe, president and chief operating officer. Lowe, former director of research at Hilliard Lyons,…
The stock market appeared to be rolling along on its way to a fifth straight 20% – plus year by mid-summer, but was derailed in the third quarter. The S&P 500 Index fell 6.24% in the quarter and advanced 5.37% (dividends included) for the nine months through September. Fears of rising inflation, higher interest rates,…