Weekly Market Commentary, September 18, 2018

September 18, 2018  | By Robare & Jones

The Markets Markets put in a strong performance last week as U.S. inflation came in below expectations, trade concerns temporarily abated, and technology stocks rallied. The S&P 500 climbed 1.2 percent. Global stocks rallied as Japanese stocks rose sharply, pushing the MSCI ACWI to a 1.3 percent gain. The Bloomberg BarCap Aggregate Bond Index dropped 0.1 percent.   Economics Source: https://www.cnbc.com/2018/09/13/us-cpi-aug-2018.html   The most important data release last week was the U.S. Consumer Price Index (CPI). U.S. inflation reports remain a … Read More

Weekly Market Commentary, September 11, 2018

September 11, 2018  | By Robare & Jones

The Markets Markets dropped last week as concerns about inflation and trade disputes pushed stocks lower. Additional concerns about the government regulating technology companies pushed that sector down 2.8 percent. The S&P 500 slid 1 percent, the MSCI ACWI dropped 1.9 percent, and the Bloomberg BarCap Aggregate Bond Index dropped 0.4 percent.     Economics Source: https://www.cnbc.com/2018/09/07/heres-where-the-jobs-are-in-one-chart-august-2018.html August’s jobs report was released last week displaying strong U.S. jobs growth with 201,000 jobs added and unemployment staying at a low 3.9 … Read More

Weekly Market Commentary, September 5, 2018

September 5, 2018  | By Robare & Jones

The Markets Markets continue to produce positive results without much volatility. The S&P 500 edged up 0.2 percent last week. The MSCI ACWI climbed 0.6 percent, and the Bloomberg BarCap Aggregate Bond Index dropped 0.1 percent. The positive results were part of strong overall performance in August. The S&P 500 rose 3.0 percent, and the global MSCI ACWI rose 0.6 percent. Bonds also rose 0.6 percent. Strong months with little downside can create a desire to chase after returns. Keep … Read More

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