Market Updates

April kicked off the second quarter on a fairly positive note with most financial assets generating solid returns. Equity and fixed income markets added to a positive first quarter giving diversified portfolios a... more

While March was certainly a tale of two halves, the month and first quarter of 2023 are now in the books having delivered nice gains across both stock and bond markets - continuing... more

The closures of Silicon Valley Bank (SVB) and Signature Bank in recent days has been dominating the headlines of the financial press. It’s important to realize that Silicon Valley Bank had an unusual... more

Markets in February reflected concerns of persistent inflation and a higher for longer monetary policy, resulting in a give back of some of January’s stock market rally and most of January’s bond market... more

Markets in January seemed to look past the weakening global growth backdrop and global central bank hawkishness, turning in a strong rally across global risk assets. Market internals represented a mirror image to... more

Markets in December navigated several crosscurrents including weakening trends across the global economy, a Chinese exit from its zero-Covid public health policy, the BoJ abandoning its yield curve control policy, and a continuation... more

The primary driver for November was inflation related as signs of peaking price inflation enabled the Fed to shift the narrative toward a less aggressive tightening path. Sticky wage inflation and a tight... more

Most global financial assets rebounded from the oversold conditions of August/September with the notable exception of Chinese equities. Capital market narratives for the month were centered around monetary policy and the inflation backdrop... more

Key market narratives in August included continued deceleration in economic growth, the completion of a strong second quarter earnings season, and a Jackson Hole symposium where central bankers pledged to maintain their hawkish... more

Market narratives during July included relatively strong second quarter earnings reports, decelerating global economic growth, and central bank resolve with a backdrop of persistently high inflation which began to show signs of moderating... more