August 15, 2019
June 17, 2019
After a bruising May, the first half of June brought good news to investors as equity prices climbed backtoward their early May highs. Hints from the Federal Reserve that interest rate reductions may be in place as soon as July cheered markets in the US and deflated recession expectations among the pundit class.
In view of the developments this week regarding US-China trade, I asked our chief investment strategist, Byron Sanders, what his thoughts were and if we should be making any tactical portfolio adjustments at this time. I think his comments are particularly instructive and worthy of sharing. Here is what he had to say:
First Quarter Market Comment
April 8, 2019
After a disappointing final quarter of 2018, global equity prices extended their post-Christmas
rally and posted very strong gains in the first quarter of 2019. Broad domestic benchmark indexes were standouts, but International and Emerging Market equities also delivered solidly positive numbers. US investors, especially, were cheered by the Federal Reserve’s decision, announced in late January, to suspend the program of scheduled ¼% increases in their Fed Funds rate that had through 2018.
The Fed Blinks
January 31, 2019
World equity prices have extended their January uptrend over the past two weeks. Most broad-based indexes have recovered more than 50% of the declines that ended on December 24, 2018. Progress on resolution of trade disputes with China and reduced anxiety over the course of short-term interest rates appear to have flipped investor sentiment 180° from late December.
January 10, 2019
A new year lies before investors. Most were happy to see the end of 2018 with its staggering volatility and almost commonplace 1-2% intraday swings. In this essay, we attempt to identify economic and political trends across the globe that can be expected to be among the key components of decisions to buy or sell equities in 2019.
Equity prices reflect the collective opinions, hopes, fears and experiences of market participants. News is disseminated virtually instantaneously and reflected in prices without delay. While we cannot foresee how, or which future developments will most affect the equity markets this year, it is useful to be aware of trends that could be germane to investor decisions.
Read the quarterly commentary from Byron Sanders, our Investment Strategist. Click on the image below to download. Email Byron directly at email@example.com if you have any questions for him.
Your Artifex Team