Weekly Market Commentary, September 26, 2017

September 26, 2017  | By Robare & Jones

Markets Markets barely moved in response to the much-anticipated announcement the Fed would begin reducing its balance sheet. For the week, the S&P 500 inched 0.1 percent higher and the MSCI ACWI edged up 0.3 percent. Bonds fell on the Fed’s announcement, causing the Bloomberg BarCap U.S. Aggregate Bond Index to slip -0.2 percent. The Fed’s announcement contained few surprises as it announced a plan to gradually reduce its balance sheet while keeping the possibility of one additional rate hike … Read More

Weekly Market Commentary, September 19, 2017

September 19, 2017  | By Robare & Jones

Markets Relief over Hurricane Irma and renewed confidence in the economy pushed some stock indexes to new highs during the week. The S&P 500 soared 1.6 percent and the MSCI ACWI increased 1.2 percent. Both indexes hit new highs. The Bloomberg BarCap U.S. Aggregate Bond Index declined 0.5 percent on increasing risk the central bank will raise rates one more time this year. Hurricane Irma being less destructive than expected provided a big boost to markets. Inflation came in above … Read More

Weekly Market Commentary, September 12, 2017

September 12, 2017  | By Robare & Jones

The Markets Markets couldn’t overcome concerns over North Korea’s test of a hydrogen bomb and the risks of Irma last week. While stocks rose on the news of a temporary debt-ceiling deal, for the week, the S&P 500 still slid 0.6 percent. The MSCI ACWI was essentially unchanged and the Bloomberg BarCap U.S. Aggregate Bond Index rose 0.5 percent. Global central banks remain a key focus of investors. Some Fed governors publicly stated concerns about raising rates again this year … Read More

Weekly Market Commentary, September 6, 2017

September 6, 2017  | By Robare & Jones

The Markets In spite of the destruction from Hurricane Harvey, markets remained in rally mode as an upward revision for Q2 GDP and hopes for tax reform pushed markets broadly higher. The S&P 500 was up 0.7 percent and the MSCI ACWI closed 0.9 percent higher. The Bloomberg BarCap U.S. Aggregate Bond Index ticked up 0.2 percent. While pending home sales were disappointing, all other economic releases including crude inventories, non-farm payroll, and unemployment data pointed to a maturing recovery. … Read More