Market Commentary

Fed Reducing Planned Number of Rate Hikes

March 18th, 2016
  |  

Fed Reducing Planned Number of Rate Hikes – well that didn’t take long. After a volatile start to the year, as global growth questions mounted, the Federal Reserve Wednesday decided to pare back its schedule for raising interest rates this year.[…]

Read More

Are We Headed for a Currency War?

Over the past year, mutterings of a “currency war” have become commonplace in the global economic discourse. Suspicions that developed nations are engaging in, or considering, actions to devalue their respective currencies have been growing. As the economic cycle ages, and countries grapple with ways to remain competitive,[…]

Read More

What’s Next for Home Prices?

March 14th, 2016
  |  

The housing sector, hit incredibly hard during the Great Recession, has come a long way since those dark days. While the S&P/Case Shiller U.S. National Home Price plummeted by -18.5% from end of 2005 to December 2009, the index has since bounced back by +19.8% as of November 2015.[…]

Read More

Happy Birthday, Bull Market!

March 11th, 2016
  |  

Happy Birthday, Bull Market! – As of March 9, the bull market officially turned seven years old. Since its start, the S&P 500 has climbed +191% putting it now about 25% above its October 2007 peak. Entering its eighth year, this bull market is now the third longest on record and the fifth biggest in size.[…]

Read More

S&P 500 Earnings: Where Are They Headed?

There’s no sugar coating it – the S&P 500 has been far from impressive over the last three quarters. Sure, the Energy drag has been seismic and resource-sensitive sectors like Materials and Industrials have also taken it on the chin. Still,[…]

Read More

What Could Negative Interest Rates Mean for the U.S.?

March 10th, 2016
  |  

Negative interest rates may seem about as far-fetched as it gets for the U.S. economy, but…maybe not? In an official Federal Reserve news release on January 28, Janet Yellen alerted banks to prepare for that very possibility.
Don’t hold your breath however – in our view,[…]

Read More

Intrigued by Separately Managed Accounts (SMAs)?

March 9th, 2016
  |  

Atlanta, GA asks…I’m intrigued by separately managed accounts (SMA’s)…can you tell me more about them?
Thanks for asking Atlanta…most overviews of separately managed accounts usually include “compare and contrast” notes relative to mutual funds.  Here’s the run-down for you…
It’s all about customization.[…]

Read More

Japanese Bonds Offer Negative Yields (So Don’t Buy Them)

March 8th, 2016
  |  

Japanese government bond yields have slipped into negative territory close on the heels of the Bank of Japan’s (BOJ) imposition of negative interest rate on banks’ excess reserves. Japan became the first G7 nation to issue benchmark 10-year bonds with negative yields,[…]

Read More

Is the Next “Gold Rush” Here?

March 8th, 2016
  |  

Bucking the global commodity rout, gold spot prices have surged more than +11% over the past six months. Interest in gold is typically driven by disinterest in alternatives or because there is a heightened sense of uncertainty (or, at worst, global panic).[…]

Read More

Q4 2015 Earnings – Not a Pretty Picture

March 7th, 2016
  |  

We’re midway through earnings season for 2015’s fourth quarter and the results appear rather grim. While large-cap corporations’ earnings were clobbered by substantial global exposure, their small-cap counterparts don’t look particularly good either.
S&P 500’s Q4 2015 Scorecard
Total earnings reported by companies accounting for 79.6% of S&P 500’s total market cap reveal earnings decline of -5.7% on -4.6% lower revenues in Q4 2015 (from the same quarter the previous year) – this reflects weaker growth than recent periods.[…]

Read More
Top

Let’s start the conversation