Archive

Archive for the ‘Investment Commentary’ Category

2016 Q2 Fixed Income Commentary

The second quarter of 2016 has been one for the books. Negative interest rates continued to confuse investors, Puerto Rico defaulted on their constitutionally guaranteed GO debt, US politics continue to provide global amusement… however the UK eclipsed them all with a surprise vote to leave the European Union. The “Brexit” surprised markets and caused a rush of…

2016 Q1 Equity Market Commentary

The first quarter of 2016 was a roller coaster ride. From the onset, the S&P 500 fell nearly 5% in the first week of trading and by the second week of February was down approximately 10%.  A sharp rebound then took hold as the flu-like temperature of the global economy seemed to subside; oil prices…

2015 4th Quarter Fixed Income Comments

Finally, after a year of talking about it, the Federal Reserve raised rates by 0.25 percentage points, the first rate hike since 2006. The new range for the federal funds rate is 0.25% to 0.5%. The Fed unanimously agreed the economy was strong enough to warrant an increase: they noted as positives “ongoing job gains”…

2015 4th Quarter Equity Comments

The end of 2015 concluded a roller coaster of a ride for investors, as investors adjusted to an era of slower Gross Domestic Product (GDP) growth. In the U.S. following strong second and third quarters, 3.9% and 2.0% respectively, GDP growth slowed to just 0.7% in the fourth quarter…

Market Commentary

By any measure, the world’s stock markets have had one of the worst starts to a year in history.  The markets are dealing with a slowing Chinese economy, geopolitical concerns in the Mideast, growing political and economic pressures in Europe and a downdraft in global commodity prices, especially energy…  

2015 November Insight Report

NOVEMBER 2015 IN REVIEW   ECONOMY: SHARP RISE IN JOB CREATION SURPRISES MARKET November economic data, which mostly capture economic activity from October, continue to signal slow but steady growth by the U.S. economy.  With labor markets continuing to improve, wage growth strengthening, and household wealth growing, the U.S. consumer remains strong…

2015 3rd Quarter Equity Comments

Volatility is the name of the game in today’s financial markets as the gripping effects were felt by one and all. The third quarter started slowly with Greece’s “No” vote to the EU bailout, unsettling the broader markets. This doubt was quickly quelled weeks later as Greece blinked, stepping back from the ledge, yielding to…

2015 3rd Quarter Fixed Income Comments

Alas, another quarter came and went without action by the Federal Reserve. Unfortunately, the Fed’s lack of movement was overshadowed by the mid-quarter devaluation of the Chinese yuan. The biggest event of the third quarter, the devaluation and subsequent market crash heightened fears of the already opaque Chinese economy. It became clear that the country’s…

2015 2nd Quarter Fixed Income Comments

In the second quarter of 2015, the possibility of a June rate increase by the Federal Reserve came and went quietly, with markets unsurprised when rates remained the same. Speculation continues for the date of “liftoff” and there are plenty of arguments for and against rate increases. In the short term, it appears the Fed will raise rates 0.25%…

2015 2nd Quarter Equity Comments

The second quarter of 2015 brought with it the tenth consecutive quarterly gain for stocks; unfortunately that gain was only 0.3%. After positive economic news helped drive gains throughout much of the quarter, stocks surrendered nearly all of those gains in June when concerns about Greece, China, and Puerto Rico all contributed to a 1.9% drop in the S&P…