Matrix Asset Advisors, an asset management company, released its third-quarter 2023 investor letter. In 2025, the firm anticipates further economic growth with a slight slowdown from the 3% GDP in the previous quarter. Through September 30, Matrix's Large Cap Value portfolio (LCV) was up in the high teens year-to-date and in the mid-single digits in Q3 2024. The gain for the quarter lagged behind the Russell 1000 Value's performance but was somewhat greater than the S&P 500. The Matrix Dividend Income (MDI) portfolio saw a significant increase after a slow beginning to the year. It...
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