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Monthly Brief June 2020 – Market Tracking 2009?

Monthly Brief June 2020 – Market Tracking 2009? CAPITAL MARKETS Following the sharp, two-month rebound from the depths of the March decline, June saw U.S. equity markets peak early before pausing through month-end.  To date, the US markets have led the rebound but June saw improved participation from global markets with, in particular, the MSCI Emerging Markets Index gaining over 7%…

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Monthly Brief March 2020 – Determining Future Expectations

Monthly Brief March 2020 – Determining Future Expectations CAPITAL MARKETS Could we be experiencing the unthinkable “this time it’s different” scenario?  Certainly, many current market and economic features are similar to conditions seen in the past, but the catalyst of this very complicated current global environment is unique.  Rather than disruption in global business causing stress in the financial system, or, financial…

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Monthly Brief January 2020 – Can the Consumer Keep Up

Monthly Brief January 2020 – Can the Consumer Keep Up CAPITAL MARKETS Through mid-January the new year had looked to be a continuation of 2019’s bull market as the much discussed economic “soft patch” appeared to have finally run its course.  Investors’ focus on signs of improving global economic conditions, combined with continued support from global central banks, helped move equity…

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Monthly Brief November 2019 – Shifting Market Leadership

Monthly Brief November 2019 – Shifting Market Leadership CAPITAL MARKETS The more things change, the more they stay the same.  November was primarily (once again) marked by shifting levels of concern regarding global trade relations, primarily focused on China.  Ironically, hindsight would suggest that the reduced angst over the daily tariff-watch was assisted by the distraction of impeachment hearings, taking…

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Monthly Brief October 2019 – Employment Trends

Monthly Brief October 2019 – Employment Trends CAPITAL MARKETS Despite October’s reputation as a difficult month for equity markets, the S&P 500 Index managed to eke-out a new high.  Thoughtful cases have been made by both bulls and bears for what may lie ahead as there are many conflicting factors at work.  But whether it’s been improving (or less bad) expectations or…

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Monthly Brief September 2019 – US Equity Market Breadth

Monthly Brief September 2019 – US Equity Market Breadth CAPITAL MARKETS September closed out the third quarter with many parts of the global capital markets reversing course from trends established in prior months.  While the quarter’s leadership was marked by assets often considered to be somewhat conservative, such as US Treasury bonds and gold, the global equity markets stepped up in…

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