Category Archives: Uncategorized

Market Update

Posted on October 20, 2017 by Gemmer Asset

  A 30-Year Anniversary   Has it really been 30 years??!! The biggest percentage decline in the Dow ever is hard to forget. After all, you don’t often see almost a quarter of an index’s value wiped out in a single day. Some speculative biotech stock maybe, but the Dow??     But contrary to almost everyone’s expectation, a global depression didn’t come hot on the heels of the crash. Actually, the bull market ran…
Continue reading >>

Bookmark and Share

Market Update

Posted on January 27, 2017 by Gemmer Asset

  Round numbers are a funny thing.  Dow 20,000 gets a lot of attention, but it’s just another number.  Thresholds such as this do mark progress, to some extent.  Just consider other round numbers for the Dow:   Dow 1,000      –           November 14, 1972 Dow 5,000      –           November 21, 1995 Dow 10,000    –           March 29, 1999 Dow 15,000    –           May 7, 2013   We had that Dow 10,000 hanging around for a long time!!  …
Continue reading >>

Bookmark and Share

Market Update

Posted on November 18, 2016 by Gemmer Asset

  The last couple weeks will almost certainly go down in the history books for a number of reasons.  The election appears to mark a sea change in a number of political and economic areas, and the market trends since November 8th partially reflect this.  Just take a look at the post-election performance for a number of asset classes. Basically, interest rates shot higher right after the election and anything interest sensitive was hit hard,…
Continue reading >>

Bookmark and Share

Market Update

Posted on November 4, 2016 by Gemmer Asset

  It was a rough week for the global equity markets as jitters about the election and upcoming Fed hikes settled in. The S&P closed down -1.9% for the week and has now suffered through the longest consecutive losing streak since the eight-session slide ending October 10, 2008. Back then, though, the slide was -23% before the market bounced +12% after global central banks cut interest rates to try and prop up the system. This…
Continue reading >>

Bookmark and Share

Market Update

Posted on October 21, 2016 by Gemmer Asset

  It was a positive week for the equity markets with the S&P gaining +0.3% while developed equities added +0.7%. Japan added +2.0% while Germany and France were up +1.2% and +1.5% respectively. Emerging equities also did well with a +1.9% gain. Commodity prices were fractionally higher while bond yields ticked lower. The yield on the 10-year fell from 1.79% to 1.74% and intermediate-term bonds gained +0.4% for the week. The most notable move in…
Continue reading >>

Bookmark and Share

Market Update

Posted on August 5, 2016 by Gemmer Asset

  It was a mixed week in the equity markets with small-cap, growth stocks, and EM performing well while Europe and yield plays lagged.  For the week the S&P gained +0.4% while the Russell 2000 added +0.9%.  Overseas, both Europe and Japan lagged.  European financials in particular came under the microscope.  The immediate concern was the Italian bank Banca Monte dei Paschi di Siena.  The shares fall 16% on Tuesday (they are down about 87%…
Continue reading >>

Bookmark and Share

Interesting Reads for June 20th

Posted on June 20, 2016 by Gemmer Asset

Every once in a while we plan to post links to articles we happen to be reading.  Generally the topics will be investment related, but hopefully our interests stray at times.  It is possible that some of the links may require registration and/or subscription.   Market worries are deeper than the spectre of Brexit   Monday morning bullet points – the second one is wonderful (for market geeks)   More on Bullard’s naval gazing  …
Continue reading >>

Bookmark and Share

Market Update

Posted on June 17, 2016 by Gemmer Asset

  It was a tough week for the equity markets as worries about the upcoming British vote on leaving the EU weighed on sentiment. A dovish Fed meeting was largely shrugged off. For the week the S&P lost -1.2% while the small-cap Russell 2000 declined -1.9%. European equities took it on the chin each time the odds of Britain leaving the EU ticked higher. Germany and France were down -2.1% and -2.6% respectively while the…
Continue reading >>

Bookmark and Share

Interesting Reads for May 23rd

Posted on May 23, 2016 by Gemmer Asset

Every once in a while we plan to post links to articles we happen to be reading. Generally the topics will be investment related, but hopefully our interests stray at times. It is possible that some of the links may require registration and/or subscription.   Jim Chanos on China   China’s contradictions will catch up with it   A June rate hike – This is not a drill.   This is the Real thing   Why…
Continue reading >>

Bookmark and Share

Market Update

Posted on April 29, 2016 by Gemmer Asset

  Tough week for the equity markets with a poor earnings report from Apple plus a major surprise from the Bank of Japan conspiring to undermine confidence. For the week the S&P lost -1.3% while the NASDAQ dipped -2.7%. Overseas markets lost ground as well. The developed EAFE index was down -1.9% and Japan was hammered – losing -5.2% for the week.   Commodities closed higher. Oil prices gained +5.1% to close at $45.95 a…
Continue reading >>

Bookmark and Share
1 2 Next ›