Markets recovered well from the initial shock of the June Brexit vote, as lower bond yields, expectations of additional monetary accommodation, and stable global economic data eased investor concerns. For the third quarter, the S&P 500 was up 3.85% and the FTSE All World Ex-US Index was up 6.94%; year-to-date, the S&P 500 Index increased [...]
The month of August was characterized by low trading volume, low volatility and neutral returns from the S&P500 Index, though volume will likely pickup as traders, investors and policymakers return to work. For the month of August, the S&P 500 Index returned .14% while the FTSE All Word Ex-Us Index returned .56%. In contrast, markets [...]
The first half of the year was a bumpy and volatile ride, though the financial markets returned mostly positive results through June 30, 2016. Early in the year, the markets experienced significant volatility due to weak performance in China, a strengthening dollar and falling oil prices, which led Central Banks outside the U.S. to lower [...]
The citizens of the U.K. voted to leave the European Union (EU) overnight and Prime Minister David Cameron, who led the “remain” effort, announced his resignation, startling the financial markets. This was a surprise to the pollsters and the financial markets which have been pricing in a “remain” vote over the last week. The pound [...]
Our monthly market updates are designed to keep clients and members of the community abreast of market movements, macroeconomic and geopolitical issues and Callan Capital portfolio positioning. We encourage and welcome your feedback. Global financial markets are in better shape than they were a few months ago - confidence in the economy is growing, oil [...]
Despite the market corrections that we saw in the early weeks of 2016 – the worst performance in history for the start of a new year – the first quarter ended with slightly positive results. During the lowest market declines in February, we released our market update with our belief that a recession is not [...]
After a rocky start to 2016, we experienced a strong rebound in the financial markets from the lows in mid-February. As we mentioned in prior communications, our belief is that a recession is not imminent. The beginning of the year was volatile - the S&P 500 declined -9.17% from December 31st through February 10th. From February 11th to March 7th, the S&P [...]
Since the beginning of the year, the markets have suffered a correction, the dollar has trended higher and corporate credit spreads have widened, suggesting an increased risk of a recession. But so far, nobody has told the U.S. Consumer. Retail sales rose .02% in January, even as a snowstorm covered much of the Northeast late in the [...]
Capital Markets Review January 1, 2015 – December 31, 2015 index returns[1]: S&P 500 (U.S. Large Cap): 1.4% Russell 2000 (U.S. Small Cap): -4.4% MSCI EAFE (Developed International Markets): -0.4% MSCI EME (Emerging Markets): -14.6% Barclays Capital Aggregate (U.S. Fixed Income): 0.5% Barclays Global High Yield Index: -2.7% Bloomberg Commodity Index: -24.7% 2015 – A [...]
Capital Markets Review January 1, 2015 – September 30, 2015 index returns[1]: MSCI EAFE (Developed Foreign Markets): -4.9% Russell 2000 (U.S. Small Cap): -7.7% MSCI EME (Emerging Markets): -15.2% Barclays Aggregate (U.S. Fixed Income): 1.1% S&P 500 (U.S. Large Cap): -5.3% Barclays High Yield (U.S. High Yield Fixed Income): -1.9% Dow Jones-UBS Commodities Index: -15.8% [...]
