The Monthly Market Update is part of our ongoing commitment to investor education and research. These posts often spark discussion and provide insight into our perspective on current financial markets and economic events.
Most Recent Update
The beginning of November saw Trump retake the White House along with the Republican party taking control of both the House and Senate by slim margins. What followed has been coined the “Trump Trade,” as markets initially responded positively to the victory. The S&P 500 rose 5% from the 4th to the 11th before cooling […]
The second quarter had shaped up to be quite an uneventful period until the June 23 vote by Britain to leave the European Union. The surprise result created extreme volatility in global financial markets, as investors sold stocks, bought government bonds and dumped the Pound Sterling in favor of the Dollar and Yen. UK Prime […]
Continue Reading ›We have been discussing oil prices in monthly Dashboards consistently over the past two years since the price of crude began declining from nearly $107 per barrel in June 2014 to a low of $26.14 this past February. Several of our posts mentioned that while the price decline was triggered by massive new supplies of […]
Continue Reading ›Stocks had a very rough start to 2016, with twin declines of nearly 10% in January and February. The rally in oil (up 68% from its low of $26.14) that began on February 11th helped propel the major averages to modest gains by mid-April. Stocks finished the month of April slightly below those highs and […]
Continue Reading ›After a very rough start to the New Year, stocks staged a recovery from their lows on February 11 (the broader market was down over 11% since December 31). Besides recession fears and renewed worries about the Euro-area banking system, crude oil was the main culprit in leading the market decline and also served as […]
Continue Reading ›Financial markets staged a strong rally in February and early March as oil prices rebounded (the strong link with stock prices continues to persist) amid talk of OPEC members discussing coordinated cuts in their production. These rumors have popped up regularly since oil prices began their drop in mid-2014 and none have come to […]
Continue Reading ›Price movements by stocks and oil have continued their symbiotic relationship into the New Year. Stocks and oil prices moved in tandem a record 35% of the trading days in 2015. That ratio jumped to 68% in January. It’s difficult to imagine the US has become a global oil power and that our fortunes […]
Continue Reading ›US stocks barely registered any gains for 2015. Headwinds, ranging from increasing interest rates, a stronger US dollar and the big drop in oil prices, had detrimental effects on US stocks. Specifically, a record 35% of the trading days this year saw the price of oil and the S&P500 index decline in tandem, as […]
Continue Reading ›The terror attacks in Paris and San Bernardino are stark reminders the global war on terror is not receding and will remain with us indefinitely. Stock markets around the world rallied after Paris in a show of resilience that commerce will not be knocked off balance by the terror risk. Readers will […]
Continue Reading ›October 2015 Dashboard US stocks staged their strongest monthly rally in four years in October, as corporate earnings have mostly surprised on the upside and, later in the month, the Fed raised the prospect of increasing short-term interest rates in December. We have been jilted at the altar of late by the Fed (see: September […]
Continue Reading ›September 2015 Economic Dashboard In an effort to help spur spending and economic growth, The Federal Reserve has intentionally held short term interest rates near 0% dating back to the financial crisis in 2008. Many Fed watchers expected a small increase in the rate at its September 17 meeting, but the Fed decided otherwise. They […]
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