Market Commentary

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Market Commentary

Weekly Market Commentary September 18, 2017

Relief over hurricane Irma and renewed confidence in the economy pushed some stock indexes to new highs during the week. The S&P 500 soared 1.6% and the MSCI ACWI increased 1.2%. Both indexes hit new highs.The Bloomberg BarCap U.S. Aggregate Bond Index declined 0.5% on increasing risk that the central bank will raise rates one more time this year.

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Market Commentary

Weekly Market Commentary September 11, 2017

Markets couldn’t overcome concerns over North Korea’s test of a hydrogen bomb and the risks of Irma last week. While stocks rose on the news of a temporary debt-ceiling deal, for the week, the S&P 500 still slid 0.6%. Read more

Market Commentary

Weekly Market Commentary September 5, 2017

In spite of the destruction from Hurricane Harvey, markets remained in rally mode as an upward revision for Q2 GDP and hopes for tax reform pushed markets broadly higher. The S&P 500 was up 0.7% and the MSCI ACWI closed 0.9% higher. Read more

Market Commentary

Weekly Market Commentary August 28, 2017

The Economic Policy Symposium in Jackson Hole, Wyoming was the focal point of the week, leading to a choppy and range-bound market. U.S. Federal Reserve Chair, Janet Yellen, left investors uncertain as to when the next rate hike would take place. Read more

Market Commentary

Weekly Market Commentary August 21, 2017

While recent economic data releases were mostly positive, major indices retreated under perceptions of increased policy and geopolitical uncertainty. The Fed minutes on Wednesday showed a split committee, leaving the market unsure when the next rate hike will come, and a terror attack in Spain sent stock markets lower. The S&P 500 fell 0.6% and the MSCI ACWI closed 0.2% lower. The Bloomberg BarCap U.S. Aggregate Bond Index rose 0.1%.

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Market Commentary

Weekly Market Commentary August 7, 2017

Generally solid economic data and earnings are continuing to propel the bullish momentum. The Dow Jones touched and crossed the 22,000 level mid-week while the S&P 500 fell just short of last week’s all-time record. Most global indices were up as well on the positive data. The S&P 500 edged up 0.2% and the MSCI ACWI climbed 0.4% and set a record high early in the week.  The BarCap U.S. Aggregate Bond Index rose 0.2%. Read more

Market Commentary

Weekly Market Commentary July 31, 2017

Second quarter earnings have been anything but dull with a majority of the reporting companies beating internal estimates and market expectations. Consumer confidence jumped to a near 16-year high in July (121.1 vs 117.3 in June) amid optimism over the labor market. In spite of the news, the S&P 500 was basically unchanged and the MSCI ACWI rose 0.1%. The Bloomberg BarCap U.S. Aggregate Bond Index slid 0.2%.

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Market Commentary

Weekly Market Commentary July 24, 2017

Earnings season is off to a good start with major indices up almost every day of the week. Additionally, the Bank of Japan’s decision to again push back the target date to reach its inflation goal and the ECB standing pat on stimulus pushed Asian and European exchanges higher. The S&P 500 rose 0.5% and our global benchmark, the MSCI ACWI, climbed 0.6%. Both indexes hit all-time records on Thursday. The Bloomberg BarCap U.S. Aggregate Bond Index increased 0.6%.

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Market Commentary

Weekly Market Commentary July 17, 2017

Headline CPI for June came in at 1.6%, down from 1.9% the previous month.  Fed’s chair Yellen reiterated her confidence about the U.S. economy, but noted that the committee, “…stands ready to adjust policy if it appears the inflation undershoot appears consistent.” The less hawkish tone sent the U.S. equity markets higher. The S&P 500 climbed 1.4%. Global stocks, represented by the MSCI ACWI, soared 2.1% and the Bloomberg BarCap U.S. Aggregate Bond Index rose 0.4%.

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Weekly Market Commentary July 10, 2017

Markets weathered additional indications that global interest rates are moving higher while the world’s most powerful leaders met at the G20 meeting in Hamburg. The S&P 500 rose 0.1% as the MSCI ACWI fell 0.2% and The Bloomberg BarCap US Aggregate Bond Index slid 0.4% because of the increase in rates.

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