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.
Read more »

2015 Fourth Quarter Review of the Markets

September 11, 2019
2015 was appropriately described in a recent headline, “The Year Nothing Worked: Stocks, Bonds, Cash Go Nowhere.” The S&P 500 turned in the highest return of major U.S. indices with only a 1.4% return after a bumpy ride throughout the second half.
Read more »

2015 Third Quarter Review of the Markets

September 10, 2019
The period between July 1 and September 30 was the worst quarter for equity markets since the debt ceiling debate in 2011 and the first negative quarterly return for the index since 2012. The S&P 500 dropped 6.4%, hurt most by energy stocks as oil prices fell over 20%.
Read more »

2015 Second Quarter Review of the Markets

September 8, 2019
The second quarter of 2015 saw continued choppiness in financial markets. The S&P advanced just 0.3% during the quarter bringing the year-to-date return to 1.2%. Markets watched Federal Reserve policy closely and reacted favorably to the Fed’s decision to hold interest rates near zero after their June meeting.
Read more »

2015 First Quarter Review of the Markets

September 7, 2019
U.S. stocks and bonds ended the first quarter of 2015 little changed, leveling off after a steep rise over recent years and raising questions about the road ahead. A dramatically strengthening U.S. Dollar and falling oil prices (more on both of these topics later) contributed to the second straight quarter of earnings declines for U.S. companies.
Read more »