Financial Markets Review Coming into February it was well documented how equity markets in the U.S. and around the world were shattering records daily. The low volatility and one-way nature of stocks led many financial pundits and high-profile money managers to claim this time is different....
Financial Markets Review January was certainly an exciting month. And as I write this column, the first couple days of February have been even more so. If it weren’t for the last few days in January, the S&P 500 was on track to annualize a return...
Financial Markets Review Go figure – one of the most volatile times in 2017 for the U.S. equity markets occurred in the last few minutes on the last day of the year to trade. Over the final 25 minutes, the S&P 500 dropped 12 points. More...
Financial Markets Review Equity markets around the world continued their ascent higher through November. The MSCI All-Country Index rose for its 13th consecutive month, which is the longest uninterrupted monthly streak on record. Domestically, the S&P 500 Total Return Index advanced 3.07% to also log its...
Financial Markets Review With two months left to go, it looks as if the equity markets may have clear sailing into year-end. The S&P 500 breezed through what has been the most anxious months of trading. In the past, August and September have been the two...
Another week is in the books and a rather muted week it was. The S&P closed up 15 bps, the Nasdaq was up a quarter of a percent, and the Russell was down 50 bps. Sector performance was mixed with defensive sectors largely leading the...
Financial Markets Review And, the snoozefest rolls on through September and into what is historically the most volatile time of the year. The U.S. equity markets are on a one-way mission – higher amidst a lack of volatility. The S&P 500 broke through 2,500 to close...
Financial Markets Review August managed to have a few more fireworks than the previous couple of months. On two separate days, the S&P 500 declined roughly 1.5% due to tensions with North Korea and apparent dysfunction among leaders in the White House. The fact we saw...
Trends to Watch I typically start my Observations by giving a review of the U.S. equity markets followed by a few Tandem strategy updates. However, given the flurry of activity in our various strategies, I’m going to just give you a few quick takes on the...
Financial Markets Review With the first half of 2017 in the books, the overarching theme thus far has undoubtedly been the lack of volatility in the U.S. equity markets. Stocks have managed to side step numerous macroeconomic misses, monetary tightening with a keen focus on unwinding...