Second Quarter 2018 Market Perspective

Second Quarter 2018 Market Perspective

US equities significantly outperformed international equities in both developed and emerging markets in the second quarter of 2018. Domestic stocks outpaced foreign stocks by 6.2% in the quarter, bringing the 10-year performance gap between US and foreign stocks to...
First Quarter 2018 Market Perspective

First Quarter 2018 Market Perspective

For the first time in ten quarters, most global developed equity markets declined in value for the period ending March 31, 2018. The-tech heavy NASDAQ was able to advance, along with emerging market equities.  The year began with rampant optimism around equities as...
Fourth Quarter 2017 Market Perspective

Fourth Quarter 2017 Market Perspective

2017 proved to be a rewarding year for risk-based assets. Global equities and precious metals performed well; commodities broke a multi-year losing streak. Momentum was strong at year-end for each of those markets, and that strength has continued into early 2018. U.S....
Third Quarter 2017 Market Perspective

Third Quarter 2017 Market Perspective

The Federal Reserve stopped creating new money more than two years ago. Since December 2015, it has lifted the funds rate by 100 basis points from zero percent.  However, the Bank of Japan and Bank of England picked up the Fed’s slack and continued printing. Global...
Second Quarter 2017 Market Perspective

Second Quarter 2017 Market Perspective

Interest rates have been a primary tool of global central bankers in their effort to lift asset prices. Globally, interest rates bottomed over the last 12-24 months. Any continued rise will certainly get the attention of markets and policy makers. Governments (and for...