Our Perspective: An Update On The Effects Of COVID-19

After a long week of market volatility and an avalanche of news from every angle, we want to provide some information and perspective on a few of the most important developments. The COVID-19 pandemic has extensive economic implications, but it is, first and foremost, a healthcare and humanitarian problem.  Daily life has changed as we | 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 +

Our Perspective: An Update On The Markets

In response to worries about the spread of the coronavirus (COVID-19), global stock markets have continued to fall sharply this week, while the prices of core government bonds, widely seen as safe-haven assets in uncertain times, have risen steeply. Although market activity is volatile, and additional incidents of the virus have been reported, our viewpoint | Read More +

Our Perspective: On Yesterday’s Market Sell-Off and Coronavirus

Yesterday, global stock markets fell sharply. The Dow, for instance, was down 3.56%, and the S&P 500 Index dropped 3.35%.  We would like to briefly address the reasons and share some of our immediate thoughts about portfolio positioning. The most frequently cited culprit for the sell-off was the heightened concern that emerged over the weekend | 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 +

Insights: Global Stocks and Bonds Extend Gains in October

For a printable copy, click here. Overview In October, most major asset classes rose in response to central bank activity and anticipations of a leveling off of geopolitical risks, including U.S./China trade tensions. The monthly return for the S&P 500 was 2.17%, and non-U.S. stocks in the MSCI ACWI ex-USA gained 3.49%. The U.S. Aggregate | Read More +

Insights: U.S. Stocks Rebound in September on Hopes of Boost from Monetary and Trade Policy

For a printable version, click here. Overview In September, U.S. and foreign stocks climbed, domestic core bonds declined, and emerging market bond performance was mixed. These asset class returns reflect a prevailing hope that central bank policy would help to stabilize global growth and that there might be an improvement in global trade relations when | Read More +