Quarterly Market Commentary - 2nd Quarter 2019

Trade Uncertainty and Expected Fed Rate Cuts Make for a Volatile Quarter

Historically typical volatility returned in the second quarter as uncertainty regarding U.S.-China trade relations, future Federal Reserve interest rate policy, and the state of the U.S. and global economies caused a more-than-6% pullback in the S&P 500 during May, before stocks broadly recovered in June and finished the quarter near fresh all-time highs.

Read more

 

Quarterly Market Commentary - 1st Quarter 2019

A Strong Start to the Year, But Risks Remain

Stocks rebounded strongly in the first quarter thanks to a combination of improving U.S.-China trade relations, the Federal Reserve halting interest rate increases, and a better outlook for corporate earnings. The S&P 500 finished the first quarter of 2019 with the best quarterly return since 2009.

Read more

 

Quarterly Market Commentary - 4th Quarter 2018

Market Correction:  What Happened and What’s Next

A decade of consecutive positive annual returns from the S&P 500 ended in 2018. In the final three months of the year the S&P 500 registered its worst quarterly performance in seven years and ended 2018 with a negative annual total return for the first time since 2008.

Read more

 

Quarterly Market Commentary - 3rd Quarter 2018

A Strong Economy Helps Power Markets to New Highs

The third quarter was the best-performing quarter for markets so far this year as the major U.S. stock indices each hit new all-time highs. The broad market gains were driven by strong economic data, solid earnings growth and improved clarity on global trade.

Read more

 

Quarterly Market Commentary - 2nd Quarter 2018

Markets in Review

The second quarter of 2018 saw lots of themes emerge, but increasing trade tensions seemed to drive the markets and the return of volatility. In fact, investors would be hard-pressed to find an asset class, sector or region that didn’t see decent-sized swings over the second quarter as investor sentiment seemed to change every day.  On the heels of most equity markets being down in the first quarter of 2018, generally speaking, the U.S. equity markets recovered during the second quarter. International markets, on the other hand, didn’t fare nearly as well.

Read more