Category Archives: Current Events

Market Recap

Posted on November 16, 2018 by Gemmer Asset

  It was a volatile week for stocks, bonds, and commodities. Oil prices in particular managed to lose over 8% at one point on Tuesday.  In general stocks were lower while bonds gained ground. Emerging equities stood out with a gain for the week.   Softening Global Growth…   The startling volatility in oil prices reflects at least three things. First, the supply outlook took a bearish turn a few weeks ago. Secondly, speculators in…
Continue reading >>

Categories:

Bookmark and Share

Quick Market Recap & Oil’s Fall From Grace

Posted on November 10, 2018 by Gemmer Asset

  Markets in general had a decent week. Yes, there was volatility but as of Friday’s close, the S&P ended the week up +2.2%. Despite growth stocks getting clobbered on Friday (the NASDAQ was down -1.7%), their return for the week was +1.3%. The only two major asset classes to suffer meaningful weekly losses were emerging market stocks and commodities (more below), down -2.5% and -1.2% respectively.   Oil’s Fall From Grace   WTI Crude…
Continue reading >>

Categories:

Bookmark and Share

Market Recap

Posted on November 2, 2018 by Gemmer Asset

  Global equity markets generally bounced this week, although they closed on a soft note Friday. For the week the S&P 500 advanced +2.4% while small-caps added +4.3%. The overseas markets were also solidly higher. The developed EAFE gained +3.1% while emerging was up +5.6%. China rallied +3.0% on hints of a trade thaw (and they were just hints, and Kudlow largely squashed them on Friday) while Brazil gained +3.2% after the election came to…
Continue reading >>

Categories:

Bookmark and Share

Market Recap

Posted on October 27, 2018 by Gemmer Asset

Well, that was an interesting 5 days! Here’s how the major asset classes performed during the week (on a total return basis).     The S&P 500 was the worst of the bunch, losing -4%. Developed international and emerging market stocks did a bit better, posting returns of -3.6% and -2.5%, respectively. Interestingly, while the S&P 500 briefly hit correction territory (down -10% from the highs) intraday, it closed just shy of that, down -9.3%…
Continue reading >>

Categories:

Bookmark and Share

Market Recap

Posted on October 19, 2018 by Gemmer Asset

  Putting the Selloff in Context   The equity markets tried to bounce this week but it all fizzled out by Friday. For the week the S&P was flat while small-cap equities had a fractional loss. The developed overseas markets held up reasonably well, but emerging took another hit. The index was off -1.5% and China slid over -2% for the week.   To put things in perspective, since the equity market high on 9/20/18,…
Continue reading >>

Categories:

Bookmark and Share

Investing Principles

Posted on October 13, 2018 by Gemmer Asset

Every once in a while it’s good to re-examine why you do the things you do.  Over the past few days the markets hit a bit of a rough patch.  Nothing catastrophic, just a bit more volatility than we’ve grown accustom to.  Times like these are perfect for revisiting basic investing principles, taking a step back and looking at the big picture.  With that being said, we thought this blogpost would be a good opportunity…
Continue reading >>

Categories:

Bookmark and Share

Market Recap

Posted on October 5, 2018 by Gemmer Asset

  Rising Rates Causing Indigestion   The story of the week was the bond market. U.S. Treasury bonds sold off sharply as interest rates increased across the curve. For the week the yield on the 10-year Treasury increased from 3.06% to 3.22%, a +16bps increase. Two-year yields were up +6bps. As a result, intermediate-term Treasury bonds lost -1.2% for the week while long-term bonds were down -3.4%.   For most of the year rising rates…
Continue reading >>

Categories:

Bookmark and Share

A Dubious Milestone

Posted on September 26, 2018 by Gemmer Asset

Last week we wrote a piece on what has changed since Lehman’s failure. A key point we tried to make (read more here) was both banks and consumers had paid down debt (deleveraged) while the U.S. government had taken up the slack. Debt to GDP in the United States is on track to surpass the level last seen during the New Deal/World War II years, as you can see below.     On this point,…
Continue reading >>

Categories:

Bookmark and Share

Market Recap

Posted on September 21, 2018 by Gemmer Asset

  New Highs Despite Rising Trade Tensions   It was a mixed week for the U.S. equity indexes, but the S&P and Dow did manage to hit new highs. For the week the S&P added +0.9% but small-caps and the NASDAQ lost -0.6% and -0.3% respectively. The overseas markets performed much better for a change. Japan gained +3.4% while the EAFE was up +2.8% and the emerging world +3.0%. A softer dollar for the first…
Continue reading >>

Categories:

Bookmark and Share

Global Equity Performance – What’s Driving the Divergence?

Posted on September 20, 2018 by Gemmer Asset

It’s no secret the U.S. equity market has dominated in terms of performance this year.     What’s interesting is how we got here. As you can see above, both US and international markets were essentially flat at the end of April after a bit of a roller coaster in the 1st quarter. Then the divergence began. Here’s how the performance breaks down:     Over the last 4+ months, the US has gone from…
Continue reading >>

Categories:

Bookmark and Share
1 2 3 4 5 6 Next › Last »