Q4 2018 Market Commentary

To say that 2018 was a challenging year for capital markets would be putting it mildly. Despite healthy fundamentals, the extreme volatility experienced during the 4th quarter was enough to set new records, both bad and good. Volatility ranged from the worst Christmas...

Q3 2018 Market Commentary

It was an impressive 3rd quarter for U.S. Equities as the path to new highs continued into the 4th quarter. In tandem with the stock market run-up, yields on U.S. Treasuries also climbed to 7-year highs driven by another Fed rate increase and more positive news along...

Q2 2018 Market Commentary

Reflecting on the second quarter, we get a sense that we have been through it before, reminding us of the movie “Groundhog Day.” The Fed raised rates for the second time in June, and as of this writing, the DJIA is only slightly ahead of where it was at the time...

Q1 2018 Market Commentary

The new year started on a bullish note only to be interrupted by a January wage growth report that exceeded expectations. This was interpreted as the beginning of a long awaited upward trend in inflation, causing equity markets to come off recent highs whi le bonds...

Q4 2017 Market Commentary

Global equity markets had an extremely positive 2017 with many indices reaching historical or recent highs. The anticipated correction from overbought levels never occurred due to a steady stream of positive economic reports which addressed concerns regarding downside...