Market Updates

A choppy early November gave us the worst pre-election week performance on record but was followed post-election by the strongest week since April positive sentiment prevailed for most of the month. Relative clarity... more

Despite the encouraging economic backdrop, October lived up to its reputation for volatility, delivering a second consecutive monthly decline and the worst monthly return since March. US and global equities had been in... more

This year's US presidential election is creating uncertainty and heightened volatility in the markets. Read our latest flash commentary for our thoughts on the 2020 election and how it may affect stock market... more

Global stocks rose for a fifth consecutive month in August, led by the S&P 500 +7.2% return (more like what you’d expect in a full calendar year), ranking as the 5th best August... more

The stock market shrugged off fiscal inaction in DC, concerning COVID trends in early July, huge second quarter earnings declines, and cratered economic activity to post substantial gains. Always a forward discounting mechanism,... more

Although there are short term negative reactions to epidemics, ultimately, the health of the global economy and magnitude of monetary & fiscal stimulus dictate the direction of risk markets. Both SARS and Swine... more

Vladimir Lenin is not someone we would generally quote but this one has a “Yogi Berra” quality and timeliness that we couldn’t resist as he once said, “There are decades where nothing happens... more

A global trend of reopening economies, improving virus data, and massive stimulus bolstered the view that the bottoming of economic data is behind us which, after the best April (+12.82%) for the S&P... more

Following the weakest month since October 2008, the S&P 500 (+12.82%) turned in its best month since 1987—exhibit A on the perils of market timing. Diverging fortunes between the dire economic outcomes of... more

Health officials are watching the coronavirus closely as the nation continues to practice social distancing. It appears that the curve is indeed flattening, albeit slowly, and with devastating effects for the economy... more