Global stocks surged 9.23% in November, breaking a three-month losing streak in the biggest monthly gain since November 2020; the MSCI All Country World Index (ACWI) has climbed 16.60% YTD and is trading less than 2% away from its 2023 high.
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Global Market Commentary ā August 2023
Global equities slipped 2.79% in August, yet the MSCI All Country World Indexās (ACWI) year-to-date gain still stands at an impressive 14.80% over the first eight months of the year.
Global Market Commentary ā July 2023
Global stocks added 3.66% in July to bring their 2023 return to 18.11% YTD ā marking the MSCI All Country World Indexās (ACWI) best year-to-date gain since 2009 when markets recovered from the global financial crisis.
Global Market Commentary ā June 2023
Global stocks rallied to finish the month up 5.81% and the quarter up 6.18%, and closing the first half of 2023 up 13.93%. It was the second-best start to a year since the inception of the
Global Market Commentary ā May 2023
As the United States teetered on the possibility of defaulting on its sovereign debt during tense weeks in May, global equities slipped -1.07% in May bringing the MSCI All Country World Index (ACWI) return to 7.68% so far in 2023.
Global Market Commentary ā April 2023
Global Equities gained 1.44% in April to bring their YTD returns to 8.85%. In the U.S., markets were mixed. The Dow Jones Industrial Average posted its best month since January, climbing 2.48%.
Global Market Commentary ā March 2023
Global equities rose 3.08% in March and were up 7.31% for the quarter, despite much volatility sparked by the abrupt collapse in early March of Silicon Valley Bank and Signature Bank
Global Market Commentary – February 2023
Global Equities roared into 2023 like a lion with the second-best January on record ā up 7.17% — but went out like a lamb in February: the MSCI All-Country World Index fell 2.87%
Global Market Commentary ā January 2023
If there is a way to ābounce backā after a brutal 2022 that closed with global equities down -18.36%, it is to come out of the gates strong. Global equities did just that, climbing 7.17% in January. It was the MSCI All-Country World Indexās (ACWI) best January since 2019 and second-best January on record…
Global Market Commentary – December 2022
2022 was a brutal year even if its final quarter was slightly less so. Global equities fell 3.94% in December, but still managed to gain 9.76% for the quarter, making Q4 the yearās best for the MSCI All-Country World Index. That said, the ACWI tanked -18.36% in 2022,...
Global Market Commentary November 2022
Global Equities marched 7.76% higher in November following Octoberās 6.03% rally. The MSCI All-Country World Index is now up 14.26% in 2022ās final quarter, but still down 15.02% on the year. Stock prices soared on the final trading day in November after U.S. Federal Reserve Chair Jerome Powell said in a speech to the Brookings Institute that the pace of interest rate hikes will likely slow as soon as its December meeting.
Global Market Commentary October 2022
Global Equities rallied 6.03% in October following Septemberās worst monthly showing since the Coronavirus pandemic shook global markets in March 2020. Still, the MSCI All-Country World Index remains in bear market territory and is down 21.14% on the year ā marking its third-worst 10-month start to a year since the 2008 financial crisis and the 2001 dot-com collapse. In the U.S., equity indexes finished higher following a GDP report that came in above expectations growing 2.6% in the third quarter.