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Weekly Market Commentary June 12, 2017

Market Commentary

Weekly Market Commentary June 12, 2017

Geopolitics took center stage this week. The diplomatic crisis in Qatar, a terror attack in London, parliamentary elections in the United Kingdom, and former FBI director James Comey’s testimony all moved investment prices. Global markets weathered the barrage fairly well. The S&P 500 fell 0.3%. The MSCI All Country World Index slid 0.5% and the Bloomberg BarCap U.S. Aggregate Bond Index edged 0.2% lower.

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Weekly Market Commentary June 5, 2017

Market Commentary

Weekly Market Commentary June 5, 2017

Global stock markets continued to hit new highs. The S&P 500 eclipsed its previous high and rose 1.0% for the week. Global stocks also hit new highs as the MSCI All Country World Index rose 1.1%. Bonds posted healthy gains, rising 0.5% as reflected by the Bloomberg BarCap U.S. Aggregate Bond Index.

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Weekly Market Commentary May 30, 2017

Market Commentary

Weekly Market Commentary May 30, 2017

Stocks set new 52-week highs this week. The S&P 500 and the global MSCI ACWI both reached new highs on Thursday, before declining slightly on Friday. For the week, the S&P 500 rose 1.4%, the MSCI ACWI climbed 1.1% and the Bloomberg BarCap U.S. Bond Aggregate remained unchanged. 

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Weekly Market Commentary May 22, 2017

Market Commentary

Weekly Market Commentary May 22, 2017

While the week started with fresh new highs for the S&P, stock markets tumbled mid-week on concerns political allegations may disrupt reform agendas in the U.S. and Brazil. On Wednesday the S&P 500 dropped approximately 1.5%. For the week, the S&P 500 slid 0.4%, the MSCI ACWI index of global stocks was basically unchanged, and the Bloomberg BarCap US Bond Aggregate rose 0.4%. 

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Weekly Market Commentary May 15, 2017

Market Commentary

Weekly Market Commentary May 15, 2017

Markets remained almost flat through the week as economic releases failed to trigger any significant reaction. The S&P 500 slid 0.4% while the MSCI All Country World Index (ACWI) eked out a 0.1% gain. The Aggregate U.S. Bond Index climbed 0.2%. Volatility remains historically low and investor complacency remains a risk.

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Weekly Market Commentary May 8, 2017

Market Commentary

Weekly Market Commentary May 8, 2017

Markets shrugged off the near certainty of a Federal Reserve rate hike in June and embraced the polling numbers pointing to Macron’s easy victory on Sunday. The S&P 500 rose 0.6% for the week. Global stocks, represented by the MSCI ACWI, rose 0.9%. The Aggregate U.S. Bond Index surrendered 0.2%. Oil prices continued to retreat. Brent Crude dropped another 5.7% this week.

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Weekly Market Commentary May 1, 2017

Market Commentary

Weekly Market Commentary May 1, 2017

Strong corporate earnings and the bounce from French elections the previous weekend pushed global markets higher. The S&P 500 climbed 1.5% for the week. The MSCI All Country World Index (ACWI), which includes U.S. and international stock markets, rose 1.9%, and the Bloomberg U.S. Aggregate Bond Index slid 0.2%. Oil prices dropped to monthly lows amid fears that U.S. shale production is rebounding too quickly.

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Weekly Market Commentary April 24, 2017

Market Commentary

Weekly Market Commentary April 24, 2017

In the thick of earnings season, markets swayed with a flurry of mixed reports from banks and industrials. For the week, the S&P 500 climbed 0.9%. The MSCI All Country World Index (ACWI), which includes U.S. and international stock markets, rose 0.6%, and the Bloomberg U.S. Aggregate Bond Index was unchanged. After a recent rally, oil fell sharply, dropping 7% last week.

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Weekly Market Commentary April 17, 2017

Market Commentary

Weekly Market Commentary April 17, 2017

Geopolitics, earnings and inflation news dominated the global investment environment this week. While earnings news was generally positive, higher geopolitical risk and inflation helped push U.S. markets lower. The S&P 500 fell 1.1% through Thursday and the Dow Jones Industrial Average dropped 1.0%. The NASDAQ slid 1.2%.

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Weekly Market Commentary April 10, 2017

Market Commentary

Weekly Market Commentary April 10, 2017

During the past week, movement in the equity markets was largely dictated by the release of the minutes from last month’s Federal Reserve meeting. Two major themes stood out with the first being the gradual reduction of the Fed’s massive $4.5 trillion balance sheet. The second is that certain members of the central bank have begun voicing concerns over current stock valuations, noting that prices across domestic and emerging markets equities are quite high.

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