2017 Q2 Market Commentary

You need only one word to describe the performance of most global securities during the second quarter: “Up.” In fact, of the 145 stock, bond, U.S., foreign, target, and commodity indices found on Morningstar.com, all but 14 were positive for the quarter. Of the 14 that were down, only seven fell more than 1%. Energy stocks and commodities were the …

2017 Q1 Market Commentary

This past year has been an exhausting one for many investors: China started rebalancing, the Federal Reserve Bank (Fed) failed to raise interest rates for most of the year, Europe grappled with Brexit, political tensions rose in Ukraine and the Middle East, and the US suffered through painful elections before ultimately choosing Donald Trump. Surprisingly, while any one of these …

2016 Q4 Market Commentary

At the end of the second quarter, uncertainty was on the rise, the geopolitical environment was fragile, and financial markets appeared susceptible to shocks. Global stock indices wobbled and “safe” assets, such as US treasuries and gold, gained steam. We expected much of the same stressful conditions for the summer months of 2016 as the presidential election cycle unfolded. However, …

2016 Q3 Market Commentary

“There are decades when nothing happens, and there are weeks where decades happen.” – Vladimir Lenin   For the past couple of weeks, financial markets have been dominated by the results of a vote from a country that represents roughly 4% of world gross domestic product (a monetary measure of all final goods and services produced in a period) according …

2016 Q2 Market Commnetary

The old adage says that “time in the market” is more important than “timing the market.” Anyone who needed a reminder of that truth got it in spades during the first quarter of 2016. Who would have thought, on the dark morning of February 12th, when the S&P 500 index was down more than 10% since the start of the …

2016 Q1 Market Commentary

As we begin each New Year, it is good to reflect on the year that just ended and what we may have learned from it. Here are some thoughts about the market activity we saw in 2015, and what we may see in 2016.   After a volatile third quarter, the S&P 500, an index used to track the U.S. …

2015 Q4 Market Commentary

The third quarter of 2015 may be remembered as the time when investment market volatility returned with a vengeance. The US Federal Open Market Committee, the branch of the Federal Reserve Board that determines the direction of economic policy, compounded the issue by adding even more uncertainty to an already murky interest rate policy. The quarter began quietly enough with …

2015 Q3 Market Commentary

With all of the headlines during the second quarter of 2015, we are going to spend this market commentary looking backward and discussing how they may impact your portfolio. The U.S. Market Moves Sideways—and Global Markets Gain Ground In 2013 and 2014, the U.S. stock market substantially outperformed the rest of the world. In the first half of 2015, our …

2015 Q2 Market Commentary

“More money has been lost reaching for yield than at the point of a gun.”–Raymond DeVoe, Jr.   “The Stock Market is designed to transfer money from the Active to the Patient.”–Warren Buffett   Two issues, strength in the U.S. dollar and interest rates, seem to be making headlines on a regular basis. The U.S. dollar continues to strengthen against …

2015 Q1 Market Commentary

Things are not always as they seem; the first appearance deceives many.–Phaedrus Success tempts many to their ruin.–Phaedrus By: Stephen Griner, Chief Investment Officer I drive a Ford F-150. For the past several years I have enjoyed driving it for all but one moment every week…you guessed it, the weekly gas station visit. For those not familiar with fuel capacities …