Posts Categorized: Newsletters

Year End 2016

Year End 2016: When the dust settled, 2016 was a good year for many asset classes. Stocks around the globe appreciated, led by double digit returns in the U.S. and the emerging markets. Non-traditional assets appreciated across the board, led by double digit returns in commodities and infrastructure. Municipal bond investors, however, did not fare so well … Read more »

Third Quarter 2016

Q3 2016: Most asset classes rose during the third quarter despite lackluster earnings results, anemic economic growth, and somewhat expensive domestic valuations. For many, traditional metrics used to value assets and make capital allocation decisions have been replaced by “TINA” or “There Is No Alternative.” With interest rates near zero… Read more »

Second Quarter 2016

Q2 2016 A referendum was held to determine the fate of the United Kingdom (U.K.). Leading up to the vote, numerous polls were conducted to gauge the mood of the British people and determine the probability of the U.K. leaving the European Union (E.U.). Yet with so much at stake… Read more »

First Quarter 2016

Q1 2016 Financial Market Update: At their worst level, global stocks were down 19.2% in early February from the 52-week high reached during May of the prior year. The drop was just shy of the 20% decline required for entry into a bear… Read more »

2015 Year End

2015 Year End Financial Market Update: Volatility increased for investors in 2015. Domestic stocks experienced 10 days of a 2% or greater price movement, the largest number since 2011. This volatility was relatively minor when compared to locally traded Chinese shares that experienced 85…Read more »