Market Updates

The dog days of August were anything but sleepy, dominated by three “T’s”—trade, tariffs, treasuries. Brexit, trade, Hong Kong and the economy moved markets in an up/down fashion throughout the month. U.S.-China trade... more

Recession is coming! Recession is coming! Or is it? And when is it? Headlines have fueled volatility as they flash warnings about the yield curve inversion since the 10-year Treasury yield briefly moved... more

July delivered a healthy start to the third quarter before markets became ‘tarrified’ in early August. After a robust first half 2019, the S&P 500 managed to post a 1% return in July... more

On Monday, August 5th, stocks dropped sharply with the S&P 500 losing 3% in a single day. The impetus for this falloff are fears of an escalation in the U.S./China trade war. However,... more

June delivered a strong recovery from May’s selloff, capping the best first half for the S&P 500 since 1997. We saw record stock market highs in a growing but slowing economy with a... more

Further evidence of a slowing global economic picture and geopolitical forces pushed global markets around in May with equities falling 5%-8% and safe haven yields falling across the curve. A surprise POTUS pivot... more

With an S&P 500 gain of 18% in the first four months, 2019 ranks as the fourth best start to a year on record and is one of only 15 times since 1950... more

March followed up the best two-month start for the S&P 500 in 32 years with a bow on top of the best quarter since Q3 2009. Global equity markets were led by the... more

February capped the best two-month start for the S&P 500 in 32 years, +11.1%. Key drivers were anecdotal progress on U.S.-Sino trade negotiations, renewed dovishness from the Fed, and a decent wrap on... more

Equity markets rebounded sharply in January after the sharp December decline. The S&P 500 is now up approximately 17% from the December lows and credit spreads are trading back near mid-November levels. An... more