Market Commentary & Analysis

Emerging Market Debt Flash Report

Emerging market ("EM") debt was one of the hardest hit asset classes during the first half of December. 

Energy Flash Report

Oil prices are tumbling, having slid for ten consecutive weeks and given up nearly 50% since June to close under $53 per barrel (for West Texas Intermediate Midland Crude). 

Market Pulse Report

Christmas has come early for U.S. consumers this year, arriving in the form of lower oil prices. Such a decline tends to be advantageous for the economy, especially if driven by supply issues rather than demand factors (such as a global recession), as currently appears to be the case.

Market Flash Report

Compared to October's seesaw drama, November was peaceful for stock and bond markets. With the correction in the rearview mirror, U.S. stocks were able to flirt with record highs throughout the month. 

Market Pulse Report

October has historically been an unsettling time for investors. Not only did the stock market crash of 1929 occur during the month, but the loss in October 2008 during the height of the credit crisis was the worst since . . . you guessed it, October 1987's crash. This year's witching month also had no shortage of drama, brought on by concerns about Ebola, ISIS, tumbling oil prices, economic troubles in Europe, and anxiety about tighter monetary policy.

Market Flash Report

Stocks went on a wild ride in October before ending the month at record high levels (for U.S. markets). Volatility is certainly back after being at subdued levels for the past several years, but the recent corrective phase has simply wrung out some froth—we believe the equity bull market will remain intact. That said, rising valuations should temper long-term expectations.

Quarterly Market Overview

U.S. large cap stocks and investment grade bonds turned in positive results during the third quarter of 2014—unfortunately for diversified investors and those accustomed to steady and widespread gains, not much else across the global investing landscape did. Heading into the final quarter of the year, small cap stocks, international equities, and commodities are now each underwater on a year-to-date basis.

Market Pulse Report

Stocks lost ground in September, as they frequently do—the month is historically the poorest in terms of performance. Non-U.S. equities were hit particularly hard, especially in dollar terms, with the MSCI EAFE index of international stocks falling 3.8%, nearly triple the domestic S&P 500's 1.4% monthly loss. The performance disparity is even larger over the past year, as the EAFE's 4.7% gain is lagging meaningfully to the S&P 500's 19.7% return (including dividends).

Market Pulse Report

There’s never a bad time for reconsidering risks inherent in the capital markets—investing is, after all, different from saving for a reason. Perhaps there is no better occasion than with the S&P 500 trading at record highs and having recently pierced the 2,000 level.

Market Pulse Report

The dog days of summer are leaving investors hot under the collar lately, with volatility and fear creeping back into the markets after a very long vacation. July ended poorly for stocks (the DJIA posted its worst one-day drop since February), snapping a string of five consecutive monthly gains. Some may be fretting over the losses, but despite a few gut-wrenching days, the decline is not yet enough to qualify for an official correction (as of August 7, the S&P 500 is 4% off its all-time high).

Pages

Subscribe to Market Commentary & Analysis