While 2008 is etched in many investors’ minds, 2011 was also a very difficult year, although on the surface it looks relatively unremarkable. The Dow Jones Industrial Average was up 6 percent, and the broader, more representative S&P 500 was basically flat (both quoted on a price basis). Although the S&P 500 stood at 1257.64 on the last trading day of 2010 and 1257.60 exactly one year later, 2011 was a year full of crises that sapped investor confidence. Still, the markets showed tremendous resiliency in the face of numerous challenges: European debt crisis, debt ceiling debate, Japanese tsunami, Arab Awakening. More importantly, despite tepid returns, domestic equity valuations improved as earnings increased, bond yields provided little competition for risk capital, and the economic data showed improvement.
COVID-19 / SEC FILING UPDATE:
Moneta Group Investment Advisers, LLC intends to rely on the Order promulgated by the Securities and Exchange Commission under Release No. IA-5463 and updated by Release No. IA-5469 with regards to its annual filing of Form ADV. In addition, Moneta intends to rely on the Order with regards to the delivery of our Summary Brochure and ADV Part 2B Brochures as well. The SEC’s Order grants Registered Investment Advisor firms like Moneta temporary relief from reporting requirements that would otherwise be due amidst the business and everyday disruptions caused by the COVID-19 pandemic. Moneta takes its obligations and fiduciary responsibilities seriously, and intends to effectuate its filing and delivery as soon as is feasible given the circumstances.