Up, Up and Away

Up, Up and Away

Overview The first half of 2019 was terrific for financial markets, regardless of whether you were a stock or bond investor. The S&P 500 gained 6.9% last month, its best June since 1955, on its way to a 17% rise during the first 6 months of 2019, its best first...
What Goes Down Must Come Up

What Goes Down Must Come Up

Overview After stocks and just about everything else fell sharply in the last quarter, the stock market came roaring back in the first quarter not only in the US but around the globe. An about face by the Federal Reserve in January, shelving plans for a steady stream...
THE YEAR THAT WASN’T

THE YEAR THAT WASN’T

THE YEAR THAT WASN’T Overview Nearly every corner of the financial and commodity markets stumbled in 2018. Except for a modest gain in cash and a flat performance for a broad measure of US investment grade bonds, last year was awash in red ink. Stocks in...
A QUARTER TO REMEMBER

A QUARTER TO REMEMBER

Strong economic and profit growth on the heels of tax reform have led US equity markets to outperform their international counterparts so far in 2018.  After strong returns in 2017, and a solid start to the year, international equities have disappointed investors over...
FAANG FOCUS

FAANG FOCUS

  The strengthening US dollar, tightening monetary policy and widening geopolitical risks have shaped the winners and losers in investors’ portfolios in the first half of 2018. Big tech groups, oil and small cap US companies have proved the standout successes for...
Quarterly Commentary

Quarterly Commentary

What Goes Up Must Come Down – Isaac Newton The turbulent start to 2018 in financial markets has finally brought an end to one of the longest ever global bull runs and there have been few places to hide. After last year’s tranquility, investors have had it all thrown...