Summary of our thoughts at the end of the 1st quarter of 2017

TO SUMMARIZE OUR THOUGHTS 3/31/2017 Despite initial policy stumbles by the Trump administration, and relentless “100 days” headlines, the stock market extended its gains from all-time highs set in 2016. Still, the eight-year bull market labored into the end of the quarter and the

Market Performance as of the 1st quarter 2017

Even as President Trump’s first 100 days have been somewhat tumultuous, the stock market has continued its ascent from the all-time highs reached at the end of 2016. Despite laboring into the end of the first quarter, the Dow, S&P 500 and Nasdaq posted

Summary of our thoughts at the end of the 4th quarter of 2016

TO SUMMARIZE OUR THOUGHTS 12/31/2016 As markets transition into 2017, investors have voiced their optimism regarding an acceleration of economic growth and corporate profitability. With the presidential election behind us, the yield curve has steepened significantly and equity valuations are

Market Performance as of the 4th quarter 2016

The stock market shook off a -11% drop to start the year, digested a surprising Brexit, a contentious election and a Fed rate hike in order to finish at all-time highs. Before dividends, the Dow, S&P 500 and Nasdaq rose 13%, 9.5%, and 7.5%

Summary of our thoughts at the end of the 3rd quarter of 2016

TO SUMMARIZE OUR THOUGHTS 9/30/2016 Overall, stock performance has been relatively flat since the peak of the S&P 500 in May 2015, but stocks had a strong showing in 3Q given a number of obstacles and uncertainties. Inflation has been

Market Performance as of the 3rd quarter 2016

In spite of a positive quarter for U.S. stock markets, and a relatively calm period overall, market volatility abruptly began to pick up in September. After 43 straight sessions with the S&P 500 moving less than 1% daily in either

Summary of our thoughts at the end of the 2nd quarter of 2016

TO SUMMARIZE OUR THOUGHTS 6/30/2016 The Brexit effect on stocks was very reminiscent of the Y2K spectacle that occurred at the turn of the millennium. The looming referendum, its implications and contingencies were  debated endlessly without consensus. While the vote to leave the

Market Performance as of the 2nd quarter 2016

After rebounding from a weak start to the year, the stock market emphatically resumed its resurgence throughout the second quarter. Against a backdrop of fears over declining corporate earnings and uncertainty caused by Britain’s surprise vote to exit from the

Summary of our thoughts at the end of the 1st quarter of 2016

TO SUMMARIZE OUR THOUGHTS 3/31/2016 During the first weeks of the quarter, stocks were priced for a recession that didn’t come. While the earnings environment is far from robust, much of the gloom that was discounted into stock prices has

Market Performance as of the 1st quarter 2016

It was an incredibly weak start to the year for equities as a tightening Fed, slowing China, plummeting energy prices, and a climbing U.S. dollar all weighed heavy on investors’ minds in the context of an already challenging corporate earnings