Quarterly Commentary – June 2016

The second quarter of 2016 continued to be volatile. The following are performance numbers from various popular indexes for the quarter. Index numbers are not individually comparable to a properly diversified portfolio. Each portfolio may include an allocation to securities similar to these indexes in varying amounts based on your personal risk tolerance and should only be compared in that context. The S&P 500 reflected a gain of 3.8% for the first six months of 2016. The Dow Jones Industrial Average ... Read more

Quarterly Commentary – March 2016

The adjective volatile would be an understatement to describe what transpired during the first quarter of 2016. U.S. equities fell sharply in January and through the first ten days of February with declines on major U.S. indices exceeding 10%. Losses on the Russell 2000 Index representing small companies for example exceeded 16%. The rest of the quarter however saw a powerful retracement that erased a significant portion of the losses. The following are performance numbers from various popular ... Read more

Quarterly Commentary – December 2015

Despite the perceived volatility, the last quarter of the year recovered some previously lost ground and turned out to be nicely positive for U.S. equities. This gain happened mostly in October and the last couple of months of the year were spent in seesaw action that on the balance went nowhere. The net effect of all the ups and downs during 2015 led to a relatively flat year. The following are performance numbers from various popular indexes.  ... Read more

Quarterly Commentary – September 2015

After peaking in the third week of July, the S&P 500 bounced around until the middle of August when it made a significant drop. It was followed by a sharp bounce at the end of August and started toward recovery when a sharp sell off at the end of September took the index back to October 2014 levels. The following are performance numbers from various popular indexes. Index numbers are not individually comparable to a properly diversified portfolio. ... Read more

Quarterly Commentary – June 2015

April and May were up with a new high on the S&P 500 being made late in May, then reversing with June taking us lower. The following are performance numbers from various popular indexes. Index numbers are not individually comparable to a properly diversified portfolio. Each portfolio may include an allocation to securities similar to these indexes in varying amounts based on your personal risk tolerance and should only be compared in that context. The S&P 500 reflected an increase of ... Read more

Quarterly Commentary – March 2015

The start of the first quarter of 2015 saw U.S. equities drift lower as investors worried about a slowing economy. February saw a complete reversal with a move upward as more quarterly earnings reports from companies came out. March started on a down note, only to rebound somewhat in the latter part of the month. There were a number of fairly dramatic swings. Looking at smaller U.S. companies, their stock prices fared better reflecting a more steady ... Read more

Quarterly Commentary – December 2014

During the last quarter of 2014, US equities went into all-time high territory. The S&P 500 Index had a fairly steady run up until mid-September when it took a nosedive of about 7.5%. In October, it recovered nicely and reached new highs toward the end of the month. It then dropped about 5% in December and recovered again to reach new highs in late December, bringing back some degree of volatility that we had not seen in a ... Read more

Quarterly Commentary – December 2014

During the last quarter of 2014, US equities went into all-time high territory. The S&P 500 Index had a fairly steady run up until mid-September when it took a nosedive of about 7.5%. In October, it recovered nicely and reached new highs toward the end of the month. It then dropped about 5% in December and recovered again to reach new highs in late December, bringing back some degree of volatility that we had not seen in a ... Read more

Quarterly Commentary – September 2014

The third quarter of 2014 saw US equities take a small drop toward the end of July only to recover and hit record highs in Mid-September and then slide back to close lower than we ended up last quarter. The S&P 500 index reflects an 8.3% increase for the year so far. The Dow Jones Industrial Average did not do as well and is up only 4.6% year to date. Small company stocks as represented by the Russell 2000 are actually ... Read more

Quarterly Commentary – June 2014

The second quarter of 2014 was positive for U.S. Equities. The S&P 500 index saw a steady increase since early April reflecting gains for the year of 7.14%. The Dow Jones Industrial Average which did not do as well is up 2.68% year to date. International equities as represented by the MSCI World Ex U.S. Index are up 5.40%. Fixed Income as represented by Barclays Aggregate Bond Index did relatively well and returned 3.93% year to date. The price ... Read more
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