4th Quarter 2016   Markets The fourth quarter of 2016 was a profitable period for globally diversified multi asset managers.  All major domestic large cap indices were up for both the quarter and the year. The S&P 500 was up 3.3% for the quarter and 9.5% year-to-date. The Dow Jones gained 7.9% this quarter and 13.4% for the year, while the NASDAQ was up 1.3% in the quart ...

3rd Quarter 2016   Markets It was a profitable period for well-diversified multi-asset strategic investors in global equity markets.  The S&P 500 was up 3.3% for the quarter and 6.1% year-to-date, the Dow Jones gained 2.1% this quarter and 5.1% for the year, and the NASDAQ was up an impressive 9.7% in the quarter and 6.1% for the year.  Domestic small cap outperformed large ...

2nd Quarter 2016   Markets Psychologically, the second quarter of 2016 was mired in uncertainty due to the coming British referendum on remaining in the European Union (EU).  In spite of the global shock of UK’s decision to leave the EU, the quarter ended with global markets retracing much of their declines.  Domestic equities ended mostly positive for both the quarter and the ...

1st Quarter 2016   Markets Domestic equities were mostly flat for the quarter.  The S&P 500 gained 0.8%, the Dow Jones gained 1.5%, and the NASDAQ lost 2.8%. The U.S. small cap Russell 2000 index lost 1.9%.  Domestic bond markets were stable for the quarter; Barclay’s Aggregate Bond Index gained 3.0%.  The dollar was down 4.2% to the euro and 6.6% to the Japanese yen.  Comm ...