Weekly Market Commentary, April 4, 2017

April 4, 2017  | By Robare & Jones

The Markets Toward the end of the first quarter, the bull market celebrated its eighth birthday. David Kelly, Chief Global Strategist at J.P. Morgan Asset Management wrote: “Eight years ago, on March 9, 2009, the S&P 500 closed at 677, down 57 percent from where it had been just 18 months earlier. 10-year Treasury yields had fallen from 3.6 percent to 2.9 percent over the previous year…Investors were depressed and scared. However, good long-term returns from stocks were almost inevitable … Read More

Weekly Market Commentary, February 28, 2017

February 28, 2017  | By Robare & Jones

The Markets In a short week with no major economic news, the focus for equity markets remained on a myriad of retail earnings calls at the end of the week. The Federal Reserve released the minutes from its January meeting but it didn’t sway the markets one way or the other. It appears investors viewed the meeting as neutral with no new information given. The committee continues to take a ‘wait and watch’ approach given the lack of fiscal policy … Read More

Weekly Market Commentary, June 14, 2016

June 14, 2016  | By Robare & Jones

  The Markets Domestic markets­­­ were generally negative last week. The Dow Jones Industrial Average was up just 0.33 percent while the S&P 500 and the NASDAQ Composite were both down 0.15 percent and 0.95 percent, respectively. European stocks were down with the MSCI Europe Index falling 2.65 percent and investors remain jumpy ahead of the upcoming Brexit vote. Asian equities didn’t fare much better with China’s Shanghai Composite off 0.39 percent and Japan’s Nikkei 225 Average down 0.25 percent. … Read More

Weekly Market Commentary, April 18, 2016

April 18, 2016  | By Robare & Jones

The Markets Isn’t it remarkable that China’s growth is so consistent? A columnist from The Washington Post once opined that China “produces an astonishing number of astonishing numbers.” Last week’s GDP announcement, which helped push markets higher, may fall into that category. China’s official statistics agency reported the country’s gross domestic product (GDP) grew by 6.7 percent during the first quarter of 2016. That didn’t come as a big surprise because it’s smack-dab-in-the-middle of the official Chinese government target of … Read More

Weekly Market Commentary, April 5, 2016

April 5, 2016  | By Robare & Jones

The Markets It’s like déjà vu all over again! This wasn’t the first quarter, or even the first year, that bond markets have not performed in the way Wall Street strategists have expected. During 2014, bond yields were expected to rise. They did not. During 2015, bonds were predicted to finish the year yielding about 2.8 percent to 3.3 percent. On December 31, they were at about 2.3 percent. During the first quarter of 2016, despite persistent predictions yields would … Read More

Weekly Market Commentary, March 29, 2016

March 29, 2016  | By Robare & Jones

The Markets Global markets were mixed last week. The United States had a short trading week and all indices were off less than 1 percent, snapping a five-week positive streak. The Dow Jones Industrial Average was down 0.49 percent and the S&P 500 and NASDAQ Composite were both down 0.66 percent and 0.46 percent, respectively. Asian markets were up with Japan’s Nikkei 225 Index notching a 1.66 percent return and China’ Shanghai Composite was up 0.82 percent. European markets, however, … Read More

Weekly Market Commentary, March 22, 2016

March 22, 2016  | By Robare & Jones

Please note our office will be closed on March 25th for Good Friday, along with the markets. We would like to wish everyone Happy Easter.   The Markets There is ongoing debate about whether markets behave in rational ways. The efficient market hypothesis suggests it’s impossible to outperform the stock market because current share prices reflect all relevant information. In other words, stocks should always trade at fair value and it should be impossible to invest in a stock that … Read More

Weekly Market Commentary, March 15, 2016

March 15, 2016  | By Robare & Jones

The Markets Stim-u-late mar-kets! Come on! It’s monetary easing.* The European Central Bank (ECB) was singing a tune that invigorated financial markets last week. The Wall Street Journal explained: “The fresh measures included cuts to all three of the ECB’s main interest rates, €20 billion a month of additional bond purchases atop the ECB’s current €60 billion ($67 billion) program, and an expansion of its quantitative easing program to highly rated corporate bonds – all more aggressive steps than analysts … Read More

Weekly Market Commentary, March 8, 2016

March 8, 2016  | By Robare & Jones

The Markets When Mark Twain’s death was reported in the United States, he was alive and well in London. He responded to news accounts with a note saying, “The report of my death was an exaggeration.” Last week’s jobs data suggest the same is true of reports that a recession is imminent in the United States. Barron’s explained: “Thank goodness the mid-February fears of recession that brought markets to their knees – and the 10-year Treasury yield to a low … Read More

Weekly Market Commentary, March 1, 2016

March 1, 2016  | By Robare & Jones

  The Markets The G20 finance ministers and central bankers from 19 countries and the European Union as well as representatives from the International Monetary Fund (IMF) and World Bank met last week. The group meets periodically to discuss the global economy. At their most recent meeting, the G20 made a commitment to continue to pursue global growth through monetary policy. They also emphasized governments around the world need to do more. The IMF’s report stated: “In advanced economies, securing … Read More