2016 Fourth Quarter Review of the Markets
September 15, 2019
2016 ended with a level of optimism that stands in stark contrast to the pessimism that marked the beginning of the year. A rocky first six weeks of 2016 saw nearly a 10% decline in the S&P 500 which was followed by a 23% rally. The index returned 3.8% this quarter to end the year up 12%.
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2016 Third Quarter Review of Markets
September 14, 2019
Despite ending the second quarter with a “yes” vote on the referendum for Great Britain to exit the European Union (“Brexit”), both U.S. and non-U.S. equities rallied sharply during the first month of the third quarter with the stocks of smaller companies significantly outperforming larger companies.
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2016 Second Quarter Review of Markets
September 13, 2019
After a tumultuous start to the year, most of the second quarter was quite calm within global markets. Great Britain’s referendum in late June to exit the European Union (known as “Brexit”) was unexpected and brought about significant volatility, sending the S&P 500 down 5% and non-U.S. stocks down 8%.
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2016 First Quarter Review of the Markets
September 12, 2019
Equity markets had record declines for the first six weeks of the year with a peak to trough loss of 10% for the S&P 500. This was fostered primarily by economic concerns and continued weakness in the price of oil. Mid way through the quarter, economic data improved and the highly negative sentiment reversed.
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