First Quarter 2019 Market Recap

After posting their worst December since 1931, U.S. stocks surged to their best January since 1987, followed by further gains in February and March. Once again, the markets surprised the consensus and demonstrated the folly of trying to predict short-term performance. Investors who bailed out of stocks during the year-end […] Read more »

Fourth Quarter 2018 Market Recap

2018 Market Review After logging strong returns in 2017, global equity markets delivered negative returns in US dollar terms in 2018. Common news stories in 2018 included reports on global economic growth, corporate earnings, record low unemployment in the US, the implementation of Brexit, US trade wars with China and […] Read more »

Third Quarter 2018 Market Recap

A theme for the third quarter of 2018 could be summarized as trade tensions, plus a strong dollar and rising interest rates, equals uncertainty in most markets. The U.S. market was positive, and most international markets were negative for the quarter. This was primarily due to the tax cuts and […] Read more »

Second Quarter 2018 Market Recap

In the second quarter of 2018 investors were caught in the middle of a battle between global growth and geopolitical tensions. While the U.S economy is growing solidly with GDP at 3%+ corporate earnings coming on a quarterly basis of 20%+ boosted by tax cuts, the Fed continued to tighten […] Read more »

First Quarter 2018 Market Recap

After becoming accustomed to consistently robust equity returns throughout 2017, the first quarter of 2018 ushered in a bout of volatility unlike the low volatility of 2017, with the markets experiencing two 10% drops and ending the quarter about where they started. In our judgement, the playing field in 2018 […] Read more »

Fourth Quarter 2017 Market Recap

In 2017, we were again reminded of the importance of following an investment approach based on discipline and diversification vs. prediction and timing. In fact, last year provided several interesting, and unexpected, examples on how best to achieve the long-term return the capital markets offer. For example: What do you […] Read more »

Third Quarter 2017 Market Recap

The third quarter of 2017 again posted positive returns for domestic, European and emerging market equities. Global growth is back for the first time in a decade, with 45 economies monitored by the Organization for Economic Cooperation and Development (OECD) in economic expansion. As Jim Paulsen, Chief Investment Strategist of […] Read more »

Second Quarter 2017 Market Recap

The first half of 2017 brought predominantly positive returns for all markets and our portfolios. In the U.S. strong equity markets saw earnings improve dramatically not only in the first quarter, but all indications are the second quarter as well. Overseas earnings improved even more as developed and emerging economies […] Read more »

First Quarter 2017 Market Recap

The primary driver of markets in the first quarter was the continuing coordinated global economic recovery which began last fall. Stocks around the world are starting to show earnings growth. For example, in the U.S. the earnings projections for the first quarter of 2017 show an increase of 9% versus […] Read more »

Fourth Quarter 2016 Market Recap

2016 markets began the year with a six-week downturn, as concern over plummeting oil prices and an economic slowdown in China manifested in investor concern for a looming recession. On January 20th oil sold for a twelve-year low of less than $27 a barrel (currently $52 a barrel), and the […] Read more »