Investment Review – June 2016

June 7, 2016 Investment Review
  1. In May, the Dow Jones Industrial Average was essentially flat, up less than 0.1%, the Nasdaq Composite rose 3.6% and the S&P 500 increased 1.5%. The MSCI Europe, Australia, Far East (EAFE) index fell -1.5% while the MSCI Emerging Markets index dropped -3.9%.

  2. Short-term interest rates increased on renewed speculation the Federal Reserve would raise the target federal funds rate in either the June or July meeting of the Federal Open Market Committee (FOMC).

  3. The U. S. dollar, after falling -5.7% in 2016 through April, rebounded in May +2.9% on better economic data and expectations of Federal Reserve tightening sooner than previously expected. Not surprisingly, gold sold-off. At the same time, the price of crude oil increased; although, the supply outages in Alberta no doubt contributed to the increase.

key investment statistics

* This commentary reflects the opinions of Welch & Forbes based on information that we believe to be reliable. It is intended for informational purposes only, and not to suggest any specific performance or results, nor should it be considered investment, financial, tax or other professional advice. It is not an offer or solicitation.

For a printer-friendly copy of our Economic Outlook and Investment Review for your viewing convenience, CLICK HERE.

If you would like to receive your copy of the Economic Outlook and Investment Review monthly in the mail, call Ed Sullivan, Vice President, at 617-557-9800, or email him at esullivan@welchforbes.com.

Make sure to bookmark our Perspectives webpage so you can stay up to date with the most recent FREE weekly Welch & Forbes insights, announcements, and content. To receive our monthly email digest, simply enter your email address in the Mailing List box on this page.


Introducing our new Wealth Planning Suite

wealth planning suiteIncludes our Initial Consultation   Portfolio X-Ray© Estate Plan Review  Financial Plan

Enter your email to access the Wealth Planning Suite right now.

  • This field is for validation purposes and should be left unchanged.

*There is no fee for the Initial Consultation or Portfolio X-Ray© for prospective clients. Portfolio X-Ray© is a Morningstar product that Welch & Forbes maintains a license for its use. The Estate Plan Review and Financial Plan are provided only to clients.