Global Market Summary

Questions that dominated the first half of the year remained at the forefront during the quarter, as investors continued to assess the impact of rising interest rates in the US and of trade wars and tariffs between the US and its global trading partners. Equity markets ended the period with mixed results. Domestic equity markets performed well; the S&P 500 gained 7.7%, while the MSCI EAFE increased by 1.4% and...

[wpdm_package id='28782']The second quarter was marked by a series of escalating skirmishes on the issues of trade and tariffs between the US and its global trading partners. Equity markets ended the period with mixed results; domestic equity markets performed well, with the S&P 500 gaining 3.4%, while the MSCI EAFE and the MSCI Emerging declined 1.2% and 8% respectively.  US markets climbed higher on positive earnings momentum, particularly in the...

After a breakneck start to the year, equity markets retreated to end the quarter with the S&P 500 and MSCI EAFE posting declines of 0.8% and 1.5%, respec-tively, and the MSCI EM Index posting a gain of 1.4%. Volatility returned with vigor, as the S&P 500 recorded 23 daily moves of plus or minus 1% during the quarter, compared to a total number of eight moves in 2017.[wpdm_package id='28602']...

Lifted by a steady stream of positive economic data, strong corporate earnings, and robust sentiment, global equity markets ended 2017 on a high note with the S&P 500, the MSCI EAFE, and the MSCI Emerging indices posting double digit gains of 21.8%, 25%, and 37.3%, respectively. Stimulus programs and pro-growth policies instituted in the wake of the global economic crisis pushed economic activity to new heights. In its most recent...

The third quarter was marked by evocative political headlines and a series of highly destructive and tragic hurricanes hitting the Gulf Coast, Florida, and Puerto Rico. However, these all did little to dampen investors’ enthusiasm for risk taking. Global equity markets ended the period on a high note with the S&P 500, the MSCI EAFE, and the MSCI Emerging indices gaining 4.5%, 5.4%, and 7.9%, respectively. Markets reacted positively to...

Markets around the world ended the quarter on a high note, with the S&P 500, MSCI EAFE, and MSCI Emerging Markets Index appreciating 3.1%, 6.1%, and 6.3%, respectively. Investors’ appetite for risk assets continued and volatility reached record lows as they shrugged off concerns about politics, equity valuations, and lingering debt issues. In the US growth remained steady. There were incremental improvements in employment and earnings. Additionally, small business sentiment...

In the first quarter, almost all major markets posted gains; the S&P 500, MSCI EAFE (USD), MSCI EM (USD), and Merrill Lynch High Yield Bond Index appreciated by 6.1%, 7.2%, 11.4%, and 2.7%, respectively. Global markets appeared to be buoyed by an unflappable sense of optimism with regard to future growth; persistent concerns such as the Brexit, political uncertainty, diverging monetary policy, and stagnant growth gave way as investors chose...

After experiencing one of their worst Januarys in recent memory, US equity markets staged an impressive recovery that accelerated during the last few weeks of the year. Questions concerning a deceleration of growth, particularly in the emerging markets, gave way as the year progressed; economic data improved and “animal spirits” appeared to rekindle as investors took a positive view of President-elect Trump’s campaign promises. The year proved to be a...

In the third quarter, risky assets rallied across the globe; almost all major markets posted gains. Year to date, the S&P 500 has risen over 7.8%, the MSCI EAFE (USD) Index is up 1.7%, the MSCI EM(USD) Index is up 16%, and the Merrill Lynch High Yield Bond Index has appreciated 15.3%. Positive economic data, particularly in the US and China, a reprieve from new macroeconomic challenges, and broad investor...

In the second quarter of 2016, equity markets and investors’ expectations were rocked by the results of the UK’s vote to exit the European Union. Prior to the Brexit, the markets seemingly scaled a wall, overcoming obstinate, lingering concerns about lackluster global growth. The IMF projects that global GDP will grow 2.4% this year – a positive number, but one which leaves some market participants uneasy given the extraordinary stimulus...