Weekly Market Commentary, August 22, 2017

August 22, 2017  | By Robare & Jones

The Markets Markets around the world appear to be benefitting from global economic recovery. After pointing out the United States’ economy is the heart of the global financial system, Barron’s reported: “The Standard & Poor’s 500 index has tirelessly amassed 30 record closes this year, but is up just 1.2 percent since March 1. Meanwhile, nearly every foreign stock market has sprinted ahead…We wrote on March 25 about how a global recovery should goose smaller, fresher bull markets abroad. By … Read More

Weekly Market Commentary, August 15, 2017

August 15, 2017  | By Robare & Jones

The Markets Geopolitics took center stage last week with United States-North Korea tensions leading to a cautious pullback across global markets and greater emphasis on safer investments. Given the ferocity of the rhetoric between the United States and North Korea, the market reaction seemed subdued. The S&P 500 dropped 1.4 percent and the MSCI ACWI slid 1.6 percent. The flight to safe havens pushed gold and bond prices higher. The Bloomberg BarCap U.S. Aggregate Bond Index rose 0.2 percent and … Read More

Weekly Market Commentary, August 8, 2017

August 8, 2017  | By Robare & Jones

The Markets Generally solid economic data and earnings are continuing to propel the bullish momentum. The Dow Jones touched and crossed the 22,000 level mid-week while the S&P 500 fell just short of last week’s all-time record. Most global indices were up, as well, on the positive data. The S&P 500 edged up 0.2 percent and the MSCI ACWI climbed 0.4 percent and set a record high early in the week.  The BarCap U.S. Aggregate Bond Index rose 0.2 percent. … Read More

Weekly Market Commentary, August 1, 2017

August 1, 2017  | By Robare & Jones

The Markets Second quarter earnings have been anything but dull with a majority of the reporting companies beating internal estimates and market expectations. Consumer confidence jumped to a near 16-year high in July (121.1 vs. 117.3 in June) amid optimism over the labor market. In spite of the news, the S&P 500 was basically unchanged and the MSCI ACWI rose 0.1 percent. The Bloomberg BarCap U.S. Aggregate Bond Index slid 0.2 percent. As expected, the Federal Reserve left rates unchanged … Read More