Weekly Market Commentary, July 25, 2017

July 25, 2017  | By Robare & Jones

The Markets 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 European Central Bank (ECB) standing pat on stimulus pushed Asian and European exchanges higher. The S&P 500 rose 0.5 percent and our global benchmark, the MSCI ACWI, climbed 0.6 percent. Both indexes hit all-time records on Thursday. The Bloomberg BarCap … Read More

Weekly Market Commentary, July 18, 2017

July 18, 2017  | By Robare & Jones

The Markets Headline CPI (Consumer Price Index) for June came in at 1.6 percent, down from 1.9 percent the previous month. Fed’s chair Yellen reiterated her confidence about the U.S. economy, but noted 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 percent. Global stocks, represented by the MSCI ACWI, soared 2.1 percent and the Bloomberg BarCap U.S. Aggregate … Read More

Weekly Market Commentary, July 11, 2017

July 11, 2017  | By Robare & Jones

The Markets 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 percent as the MSCI ACWI fell 0.2 percent and the Bloomberg BarCap U.S. Aggregate Bond Index slid 0.4 percent because of the increase in rates. The focus of the week was the Federal Reserve releasing their minutes from its last meeting. The minutes indicated some Fed governors are concerned … Read More

Weekly Market Commentary, July 6, 2017

July 6, 2017  | By Robare & Jones

The Markets Prominent central bankers provided a slew of comments suggesting the cost of money is headed higher. The European Central Bank’s Draghi, Bank of England’s Carney, Bank of Canada’s Poloz, and Bank of Japan’s Kuroda’s speeches at a central bank conference in Portugal last week carried a more hawkish tone than anticipated. It seems like a deliberate and coordinated communication that the rate environment is changing. Investors got the message as the speeches sparked a surge in yields and … Read More