Insights: Our Perspective On Events Impacting Investors

Market Update U.S. manufacturing Purchasing Managers Index (PMI) data, progress on U.S. fiscal policy negotiations, modest easing in COVID hotspots, and a strong U.S. employment report drove positive equity gains this week. The MSCI ACWI Index, which represents global equities (i.e., both U.S. and international stocks), closed the week up 2.2%, while the MSCI ACWI | Read More +

Insights: The Markets This Week and The 2020 U.S. Elections

Market Update Markets were mixed this week as they digested an enormous amount of news that ranged from generally positive corporate earnings and plateauing COVID cases/hospitalizations in key U.S. hotspots, to second-quarter GDP data, to stalled fiscal stimulus negotiations, and an increase in continuing jobless claims.  The MSCI ACWI Index, which represents global equities (i.e., | Read More +

Insights: The Markets, Economic and Mobility Data, and Fiscal Stimulus

Market Update The markets finished the week largely unchanged, in a week that had generally positive Q2 earnings reports and an agreement on a fiscal stimulus package in the E.U. The MSCI ACWI Index, which represents global equities (i.e., both U.S. and international stocks), closed the week down 0.1%, while the MSCI ACWI Ex-USA (international stocks) | Read More +

Insights Week Ending July 18

Market Update The key drivers of this week’s market movements were positive updates on COVID-19 treatments and vaccine candidates, as well as continued optimism surrounding a fifth stimulus package. The MSCI ACWI Index, which represents global equities (i.e., both U.S. and international stocks), closed the week up 1.1%, while the MSCI ACWI Ex-USA (international stocks) | Read More +

Insights: The Markets, COVID-19, and Additional Federal Stimulus

Market Update Core U.S. bonds on the Bloomberg Barclays U.S. Aggregate Bond Index closed the week slightly higher, up 0.2%. Equity markets also drifted higher, with the MSCI ACWI Index, which represents global equities (i.e., both U.S. and international stocks), finishing up 2.0%, and the S&P 500 finishing up 1.8%. International stocks had a similar showing, as the | Read More +

Insights: The Markets, COVID-19, Federal Stimulus, and What It All Means for Investors

Market Update Equity markets marched higher this week, with the MSCI ACWI Index, which represents global equities (i.e., both U.S. and international stocks), finishing up 3.5%.  The S&P 500 finished up 4.0%, while the U.S. small cap Russell 2000 closed the week up 3.7%. International stocks had a strong week as well, as the MSCI | Read More +

Insights: The Markets, Global Economic Developments, and COVID-19

Market Returns Global equity markets made a strong start this week, continuing a broad-based rally on Monday and Tuesday. The primary drivers were the ongoing reopenings across the country as well as positive movement among economic indicators, including global PMIs, housing data, and retail sales Despite the positive data, markets declined following reports of increased | Read More +

Insights: COVID-19 Uncertainties Rattle Investors and Fuel Psychological and Market Volatility

To download a printable version, click here. Overview In February, major stock indices dropped sharply, and core bond indices rose largely due to heightened worries about the global economic implications of the coronavirus (COVID-19; however, the U.S. presidential primaries also played a part. Equity markets seemed to respond more skittishly to wins by Senator Sanders | Read More +

Insights: Coronavirus Worries Stocks in January, But Lasting Economic Effects Likely Limited

For a printable version, click here. Overview In January, most major stock indices retreated given worries about the global economic implications of the coronavirus. The monthly return for the S&P 500 was largely unchanged at -0.04%, the Russell 2000 (U.S. small-company stocks) fell 3.21%, and the MSCI ACWI ex-USA (non-U.S. stocks) lost 2.69%. In contrast, | Read More +