4th Quarter 2015   Markets Domestic equities were positive for the quarter but mostly flat for the year.  In the quarter the S&P 500 gained 4.8%, the Dow Jones Industrials 5.8% and the NASDAQ 6.4%.  Year to date the S&P went down by 0.7%, Dow declined by 2.2% but the NASDAQ was up nearly 5.7%.  U.S. small caps underperformed large caps; the Russell 2000 index gained ...

3rd Quarter 2015   Markets The third quarter of 2015 was marked by significant losses in capital values and an increase in volatility.  The S&P 500 lost 7.55% in the quarter and 6.71% year-to-date; NASDAQ dropped 7.77% quarterly and 2.26% for the year; Dow Jones Industrial average declined 8.15% in the quarter and 8.68% year-to-date.  The VIX fear measure closed the quar ...

2nd Quarter 2015   Markets The second quarter of 2015 experienced heightened bond market volatility in anticipation of the Fed’s first rate increase as well as international equity volatility involving Greek debt and Chinese equities.   Despite whipsawed volatility, the major domestic and international equity indices ended close to where they started.  The Dow was down 0.9%, ...