Insights: The Markets, COVID Developments, and Corporate Earnings

The new year started on a generally positive note for the markets, supported by low interest rates, positive vaccine developments, and impressive corporate earnings. In January, the MSCI ACWI Index, which represents global equities (i.e., both U.S. and international stocks), declined by 0.5%. The U.S. large-cap Russell 1000 Index fell 0.8% in January, although the | Read More +

Insights: The Markets, Fiscal Stimulus, and the November Elections

Market Update At the end of September, financial markets experienced a modest sell-off; since then, however, performance has been positive. The MSCI ACWI Index, which represents global equities (i.e., both U.S. and international stocks), has risen 3.2% to date in October, while the MSCI ACWI Ex-USA (international stocks) has increased by 2.8%. U.S. large cap | Read More +

End-Of-Week Update on the Markets and COVID-19 for May 23

Market Update Overall, the financial markets had a positive week. The S&P 500 finished the week higher by 3.2%, the technology-focused Nasdaq advanced 3.4%, and the small-cap Russell 2000 rose 7.6%. International stocks, as represented by the MSCI ACWI Ex-USA and MSCI Emerging Market Indices, fell by 2.6% and 1.1%, respectively. Investment-grade bonds, as measured | Read More +

Update On The Markets & COVID-19: US, China Soften The Rhetoric

Market Update Financial markets have started the week on an upbeat note. Through Tuesday’s close, the S&P 500 has risen 1.3%, the Nasdaq has advanced 2.3%, the small cap Russell 2000 has climbed 1.0%, and International stocks, as represented by the MSCI ACWI Ex-USA, have risen by 1.0%. The Barclays U.S. Aggregate Bond Index has | Read More +

COVID-19 and Long-Term Investing

In this communication, we share an update about market returns and discuss some new developments in the government’s policy actions and the scientific community’s health response.  We also include, and close with related perspectives about what these mean for you and your investment portfolios. Market returns Financial markets have been mixed this week as investors | 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: Equities Gain in March Despite Mixed Global Economic Signals

Click here for a printable version. In March, domestic and foreign stocks and bonds once again generally appreciated. The monthly return for the S&P 500, for instance, was 1.94%, and non-U.S. stocks in the MSCI ACWI ex-USA gained 0.60%. U.S. bond prices were up sharply in response to falling yields as evidenced by the fact | Read More +

Our Perspective: The Wall Street Journal on The Importance of Global Diversification

The Wall Street Journal recently published an article by noted columnist Jason Zweig titled “The ‘Dumb’ Money Is Bailing on U.S. Stocks. That’s Smart. ” We want to call your attention to it, because, in our opinion, it deftly demonstrates the importance of global diversification, particularly when an individual market has demonstrated an extended period of out | Read More +

Insights: U.S. Stocks Gain, Foreign Assets Remain Pressured

Click here for a printable version of this post. Overview In June, U.S. stocks rose, but foreign stock indices again declined. Economic data in the U.S. continued to be strong, but political uncertainty abroad, particularly in Europe and in emerging market countries due in part to trade policy, rattled investors.  The Federal Reserve, as expected, | Read More +