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Susan Sofronas, Manchester Capital Management Partner and Managing Director, hosts a presentation and discussion with Amy Cappellazzo, Founding Partner at Art Intelligence Global and former Chairman of Sotheby’s Fine Art Division. During this session they explore key topics for families interested in collecting and investing in art. The discussion covers the current state of the art market, how to access and source art, the methods used to value artwork, and strategies for transferring art across generations.
09.18.2023The year 2022 was a bloodbath for both equity and bond markets–the S&P 500 was down 18% and the Bloomberg US Aggregate Bond Index had its worst year ever, down 13%. This year, 2023, began with the US debt ceiling standoff, followed by a banking crisis, and continued rate hikes by the major central banks. The economy seemed like it would get worse before it got better, and the consensus was calling for a near-term recession. However, the stock market quickly shrugged off many of these concerns. Year-to-date as of August 31, the S&P 500 is up approximately 17% and NASDAQ is up approximately 34%. The S&P 500 is officially in a bull market (i.e., up at least 20% from its recent lows in October 2022). With the Federal Reserve and some economists no longer forecasting a recession[1], it makes one wonder what has changed in the last few months....