Market Updates

Global equity markets followed up a strong November with an equally strong December, rising 3% on the month to close the year up 27.67% on a USD basis. Emerging markets surged 7.46%, the... more

Last month left investors with the feeling that fundamental global data has begun to stabilize. While U.S. equity markets saw a six-week winning streak come to an end in November, they ended up... more

We entered October with ‘huge’ trade dispute concerns, ISM numbers at GFC levels, over 50% probability of two Fed rate cuts before year end, and tangible pessimism in both earnings and sentiment. We... more

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