Investment Review – November 2018

November 14, 2018 Investment Review
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Equities experienced a rapid and volatile correction in October. The Dow Jones Industrial Average dropped -5.1% and the S&P 500 declined -6.9%. The Nasdaq lost -9.2%, as the technology sector became a focal point of the selling during the month. While the indices rebounded from their worst levels at month’s end, they have given back much […]

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Investment Review – October 2018

October 17, 2018 Investment Review
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U.S. stocks rose for the sixth straight month in September, ending near all-time highs and helping the benchmark index post the biggest quarterly gain (7.2%) in five years. Strong earnings growth and a range of positive economic data in the U.S. helped investors tune out political risk. This fueled the outperformance of domestic stocks over […]

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Investment Review – September 2018

September 14, 2018 Investment Review
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The major U.S. stock indexes advanced in August. The Dow Jones Industrial Average increased by 2.2%, the S&P 500 was up 3.1% and the Nasdaq Composite advanced 5.7%. The bull market became one of the longest on record. The S&P 500 marked 3,462 days since the March 9, 2009 low through the end of August. The […]

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Investment Review – August 2018

August 17, 2018 Investment Review
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The major U.S. stock indexes were strong in July. The Dow Jones Industrial Average increased by 4.71%, the S&P 500 was up 3.60% and the Nasdaq Composite advanced 2.15%. The U.S. Dollar Index was virtually flat in July. The Index is used to measure the value of the U.S. dollar versus six major foreign currencies. A […]

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Investment Review – July 2018

July 10, 2018 Investment Review
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The major U.S. equity indices were mixed in June. The Dow Jones Industrial Average fell -0.6%, the Nasdaq Composite gained 0.9%, and the S&P 500 returned 0.5%. Investors are weighing the benefits of corporate tax cuts and strong earnings growth against the threat of a trade war. Strong S&P 500 earnings growth is expected to continue. Analysts […]

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Investment Review – June 2018

June 12, 2018 Investment Review
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U.S. stock indices rallied in May, based on upbeat economic news and corporate profit growth. The Dow Jones Industrial Average gained 1.0%, the S&P 500 was up 2.2%, and the Nasdaq Composite gained 5.4%. International equity markets were higher. The MSCI Europe Australia Far East Index (EAFE) gained 0.7% and the MSCI Emerging Markets Index lost […]

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Investment Review – May 2018

May 11, 2018 Investment Review
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The major U.S. equity indices were slightly positive in April. The Dow Jones Industrial Average gained 0.2%, the Nasdaq Composite rose 0.1%, and the S&P 500 returned 0.4%. Though the threat of a trade war has been dissipating, inflation concerns have held the market back. S&P 500 earnings growth remains strong. With a majority of […]

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Investment Review – April 2018

April 13, 2018 Investment Review
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The major U.S. equity indices all declined in March, making it two straight months of negative returns. The Dow Jones Industrial Average lost 3.7%, the Nasdaq Composite fell 2.9%, and the S&P 500 pulled back 2.7%. Stocks weakened on concerns that the new tariffs would lead to trade wars and worries that the data breach at […]

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Investment Review – March 2018

March 12, 2018 Investment Review
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Stronger than expected wage inflation data in the U.S. was the catalyst for a global correction in stocks in the month of February. Technical factors and the unwinding of certain low volatility trading strategies exacerbated the sell-off which reached 10% in nine trading days. The volatility index or VIX, which had been complacent throughout 2017 and […]

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Investment Review – February 2018

February 9, 2018 Investment Review
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Stronger corporate earnings, a pick-up in economic growth, and optimism over U.S. tax cuts helped push the stock market to a record close in January. The Dow produced its best January return since 1989 (gaining +5.8%), while the S&P 500 Index registered its best January since 1997 (+5.6%). The Nasdaq Composite logged its best gain in January since […]

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