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Global Market Commentary August 2022
Global Equities sunk 3.68%% in August on fears of more aggressive interest rate hikes by central banks in their fight against soaring global inflation. The MSCI All-Country World Index is off 17.75% YTD, its worst eight-month start to a year since its inception. Global bonds were unable to provide reprieve, as the Bloomberg US Aggregate Bond and International Bond indexes fell 2.83% and 3.46% respectively this month and they too are off to their worst start in their index histories with YTD returns of negative 10.75% and 10.21% respectively.
Last Week in Review – September 2, 2022
Last Week In ReviewLast week stocks finished lower as investors continued to digest the implications of hawkish messages from Federal Reserve officials. The S&P 500 Index extended the daily losing streak that began with Fed Chair Jerome Powell’s August 26 speech...
Last Week in Review – August 26, 2022
Last Week In ReviewLast week stocks moved sharply lower—if in a week of primarily light summer trading—as investors became less optimistic that the Federal Reserve would be able to tame inflation without causing a significant economic slowdown. Technology and other...
Last Week in Review – August 19, 2022
Last Week In ReviewLast week stocks gave back a portion of the month’s substantial gains after a prominent “hawkish” Federal Reserve policymaker appeared to dampen hopes that inflationary pressures had peaked. The growth-oriented technology and communication services...
Last Week in Review – August 12, 2022
Last Week In ReviewLast week stocks rallied after data showed signs that inflation, while still elevated on an annualized basis, had started to slow, supporting the view that the rise in consumer prices may have peaked. Federal Reserve officials reiterated that the...
Last Week in Review – August 5, 2022
Last Week In ReviewLast week stocks were mixed as a much stronger-than-expected jobs report revived investor concerns that the Federal Reserve will need to maintain an aggressive pace of interest rate hikes to tamp down high inflation. The Nasdaq Composite. Russell...
Global Market Commentary July 2022
Global equities steamed ahead in July; the MSCI All Country World Index (ACWI) rose 6.98% -- its best monthly return since November 2020. That July performance was a welcome contrast from the previous six months when stocks tumbled 22.26% peak-to-trough from January...
Last Week in Review July 29, 2022
Last Week In ReviewLast week, stocks posted solid gains despite another outsized 75-basis-point rate hike from the Federal Reserve and news that the economy contracted at a 0.9% annual rate in the second quarter. The “bad news is good news” dynamic appeared to have...
Last Week in Review July 15, 2022
Last Week In ReviewStocks remained volatile last week in light summer trading as investors absorbed inflation data and the first major second-quarter corporate earnings reports. Last Thursday morning, the S&P 500 Index touched its lowest intraday level since June...
Global Market Commentary June 2022
Global equities sold off 8.43% in June to bring quarterly and year-to-date returns to negative 15.66% and 20.18%, respectively. It marked the worst first-half start to a year in the history of the MSCI All-Country World Index, and the first time since the 2008...
Last Week in Review – July 8, 2022
Last Week In ReviewLast week’s stocks erased much of the previous week’s losses on optimism that the Federal Reserve will be able to curb inflation without tipping the economy into a recession. The gains pulled the S&P 500 Index out of “bear market” territory,...
Last Week in Review – July 1, 2022
Last Week In ReviewLast week the major indexes surrendered a portion of the previous week’s substantial gains as worries grew that the Federal Reserve’s fight against inflation would push the economy into recession. The S&P 500 Index closed out its worst first...