Market Commentary & Analysis

Market Flash Report

Equity markets took it on the chin in January, with the S&P 500 falling back into correction territory (down more than 10% from November's peak).

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Market Flash Report

 Investors chose not to focus on November's unsettling geopolitical events, including the terrorist attacks in Paris and the quarrel between Turkey and Russia, as U.S. stocks logged their second month of gains in a row. While travel in some regions may be affected, the incidents are unlikely to undermine global economic growth.

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Market Flash Report

Stocks posted their best monthly return since 2011, helping move Q3's correction into the rear-view mirror. It appears that stock investors can have their cake and eat it too, as much of these gains can be attributed to comments from global central bankers implying that stimulus tactics will be maintained a while longer. At the same time, worries about global economic headwinds have subsided somewhat thanks to encouraging earnings from several large companies (e.g. Apple and Amazon). The combination of heavy stimulus and slow-yet-steady growth has been idyllic for investors.

Quarterly Market Overview

Market Flash Report

In the words of the inimitable Yogi Berra, "It's like déjà vu all over again." Well, perhaps not exactly, though stocks have experienced a late-summer correction just as they did in 2011. While the prior instance was headlined by the European debt crisis, the main culprit this time is Federal Reserve uncertainty in the face of weakness around the world (China in particular). While the causes of these recent corrections may appear dissimilar on the surface, the underlying concern in both cases has revolved around threats to anemic global economic growth—this has been an ongoing theme during this economic cycle.
 

Market Flash Report

With markets tumbling due to concerns over China and the impending U.S. Federal Reserve interest rate hike, August was a wild month for stocks. The S&P 500 posted its worst monthly loss in more than three years, falling into correction territory (a 10% decline from recent highs) for the first time since 2011. Commodity prices also sold off—for the first time since 2009, oil traded below $40 per barrel before rebounding to end the month higher at $49.

Market Flash Report

Citing progress in the labor and housing markets, the Federal Reserve remains on course to raise interest rates later this year for the first time in nearly a decade. That said, the Fed is very wary of derailing the moderate economic expansion, so the trajectory of rate hikes is not anticipated to be steep or rapid.

Quarterly Market Overview

A ho-hum quarter. From a return standpoint, it was a rather dull couple of months for most asset classes when compared against the double-digit swings experienced in recent years.

No Grexit Imminent

It appears there will not be a Greek exit from the Eurozone anytime soon, as Eurozone leaders reached a deal to give further bailout aid to the embattled country (up to €86 billion), provided Greece's government passes additional austerity measures. Additionally, the Eurozone will consider steps to make the country's mountain of debt more manageable, such as extending the time to repay rescue loans (though debt relief appears off the table). This deal should help Greece, which is experiencing depression-like conditions, avoid outright financial collapse.

Market Flash Report

The dog days of summer have arrived early this year, and markets have not taken too kindly to the heat. While the U.S. economy is recovering from a slow winter, drama in Greece and a plunge in China have now taken center stage.

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