Quarterly Market Review

Contributed by: Brad Meeks, CFA   The second quarter was kind to investors, as all major global stock indices marched higher, with U.S. markets outpacing their international counterparts. Large cap stocks outperformed small cap stocks, while market leadership favored “growth” over “value,” reversing the style rotation that...

“If you spend more than 14 minutes a year worrying about the market, you’ve wasted 12 minutes.”  ~ Peter Lynch (from the book One Up On Wall Street) Exactly one year ago, global markets were in a tailspin. Everyone from market participants to government officials worried...

From start to finish, the turbulent year of 2020 was not what anyone expected, and we’re glad it’s now in the history books. Financial markets faced the worst global pandemic in over 100 years, a year which saw many businesses close. Numerous companies threw out...

“The average long-term experience in investing is never surprising, but the short-term experience is always surprising.” – Charley D. Ellis, CFA, Founder of Greenwich Associates To say that financial markets have been on a roller coaster ride in 2020 is an understatement. As distinguished consultant and researcher Charley Ellis states above, we...

The end of the second quarter was a welcome sight for investors following a dreadful first quarter, where markets declined swiftly and sharply.  Equity returns were almost a mirror image of the first quarter, as U.S. equities (S&P 500) soared over 20% (the index’s largest...

The Merriam-Webster dictionary defines déjà vu as a) the illusion of remembering scenes and events when experienced for the first time and b) a feeling that one has seen or heard something before. Both definitions are apropos for how the markets performed in 2019.  In fact, market results in...

“To prove that Wall Street is an early omen of movements still to come in GNP (gross national product), commentators quote economic studies alleging that market downturns predicted four out of the last five recessions. That is an understatement. Wall Street indexes predicted nine out...

In the era of the Trump presidency, headlines abound that can drive markets up one minute and down the next. At times it can be difficult to discern what truly mattered to markets. So what mattered in the second quarter? Although headlines were numerous, the primary...

Unlike the Lexus car commercial with the slogan, “A December to Remember”, the fourth quarter of 2018 was one we would all like to forget. The first quarter went a long way in helping that effort, as U.S. equities experienced the largest quarterly gain since...

After several years of strong market growth, global equities came under pressure in the fourth quarter due to a host of factors. Equity markets found reasons to worry, as markets struggled with elevated trade tensions surrounding US-China tariffs and their associated economic impact. Fears of...