Category Archives: Market Recap

Market Update

Posted on May 11, 2018 by Gemmer Asset

  It was a broadly positive week for the equity markets. Domestic stocks were up +2.0% to +2.5% while the overseas markets lagged modestly. For all the uncertainty about trade policy and geopolitics, the markets have been buoyed by robust earnings reports and a raft of share buyback announcements.   This week’s tamer than expected inflation report calmed the bond market, at least temporarily. Both 2-year and 10-year yields drifted higher and most bond categories…
Continue reading >>

Categories:

Bookmark and Share

Market Update

Posted on April 27, 2018 by Gemmer Asset

  A lot of back and forth this week but stocks really didn’t go anywhere. The S&P 500 and EAFE were basically unchanged and small-cap U.S. stocks lagged modestly. Jitters about rising interest rates were largely offset by decent earnings reports (more below) and a lessening of tensions on the Korean Peninsula (who would have thought?).   10-year Treasury bond yields briefly surmounted the 3% threshold for the first time since 2014, as you can…
Continue reading >>

Categories:

Bookmark and Share

Market Update

Posted on April 13, 2018 by Gemmer Asset

  It was a decent week for the global equity markets with broad based gains. The S&P and developed EAFE index both advanced +2.0% while small-cap U.S. equities modestly outperformed. Commodities performed well given the over +10% rally in crude oil. Interest rates ticked higher and intermediate-term government bonds lost -0.3%. Low quality high-yield bonds performed strongly, though, with a +1.2% gain for the week.   Conflicting Themes   In our latest quarterly letter, which…
Continue reading >>

Categories:

Bookmark and Share

Market Update

Posted on March 23, 2018 by Gemmer Asset

Market Recap Tough week for the equity markets. For the week the S&P lost -6.0% while small-caps were hit for -4.8%. The international markets were down between -3.6% and -4.7%, less than U.S. large-caps due in part to a weak dollar. Worries about trade wars and the Fed conspired to drive prices lower, and significant cracks in certain social media stocks didn’t help confidence (Facebook lost -13.9% this week). But despite the roughly 1,150 point…
Continue reading >>

Categories:

Bookmark and Share

Market Update

Posted on March 2, 2018 by Gemmer Asset

  Well, the streak had to come to an end. The market decline in February ended the longest run of positive months on record. It was nice while it lasted!     The reasons are well known. Bubbling fears about inflation pushed bond yields up. Expectations for Fed policy were ratcheted up a notch as a result, especially after the massive budget deal a couple weeks ago. And just to keep things interesting, on the…
Continue reading >>

Categories:

Bookmark and Share

Market Update

Posted on February 16, 2018 by Gemmer Asset

The equity markets bounced back handsomely this week. The S&P rallied +4.3% over the last five days while small-caps bounced +4.2%. EM was a standout with a +6.7% weekly gain. Interestingly, stocks were able to rally despite rising yields. The correction a week ago was blamed to some extent on rising yields. But that didn’t matter this week. Hotter than expected inflation numbers pushed the yield on the 10-year to 2.88%, up +5bps on the…
Continue reading >>

Categories:

Bookmark and Share

Market Update

Posted on January 19, 2018 by Gemmer Asset

Equity markets continued their winning ways this week with the S&P gaining +0.9% while small-cap equities advanced +0.3%. The international markets were also solid – the EAFE was up +0.8% and the EM index +1.9%. We are early in the early inning of fourth quarter earnings reports, but the most interesting aspect will be what companies do with the tax cut proceeds. There are two broad themes coming to light:   1) We are seeing…
Continue reading >>

Categories:

Bookmark and Share

Market Update

Posted on January 12, 2018 by Gemmer Asset

  The equity markets have started off 2018 on the front foot. Gains have been broad based with all the major asset classes advancing. Only government bonds have struggled to gain traction. So far in 2018 the S&P is up +4.2% while small-cap equities are up +3.6%. International equities are doing well with the developed EAFE up +4.5% and emerging equities up +5.1%. As we talk about in our quarterly letter that will be published…
Continue reading >>

Categories:

Bookmark and Share

Market Update

Posted on December 2, 2017 by Gemmer Asset

  It was an interesting rotation week. Investors and traders basically sold the winners and bought the losers. For example, small-caps have lagged all year but gained +1.2% this week. However, the hot NASDAQ closed down -0.6%. Facebook, Amazon, Netflix and Google were down between 2% and almost 5% on the week. Along the same lines, emerging equities were hit hard (-3.9%). Chinese equities led the way. But overall the broad indexes in the U.S….
Continue reading >>

Categories:

Bookmark and Share

Market Update

Posted on November 10, 2017 by Gemmer Asset

  The equity markets basically waxed and waned depending on the tone of the last tax related headline. This week the Senate introduced their own bill that differed markedly from the House plan, and investors started to question both the timing of passage and even passage itself. For the week the S&P dipped a fraction while small-cap stocks lost -1.3%. The international markets were similarly soft, but none of the declines were too dramatic. China…
Continue reading >>

Categories:

Bookmark and Share
1 2 3 4 5 6 7 8 9 Next › Last »