Posted on April 03, 2013
It is with great pride and excitement that we introduce our new quarterly newsletter that we're calling Insights. In these informative pieces you'll hear from us, and others, regarding the current market environment as well as a variety of investment and financial topics. Please enjoy.
Posted on March 06, 2013
Washington failed to produce an alternative budget plan so today marks the first day of sequestration—automatic spending cuts of $85 billion over the next seven months (the government’s fiscal year ends September 30th). Just as Nero fiddled while Rome burned, the market continues to rally while Washington becomes ever more dysfunctional. Speaking of Rome burning, the Italian elections last weekend failed to produce a single political party winning a clear path to a majority.
Posted on January 10, 2013
The domestic stock market, as measured by the S&P 500, posted a lackluster return for the quarter, but it achieved that return in spectacular fashion. At the mid-point of the quarter, roughly 10 days after the Presidential election, the market was down 6%. The market rallied from that point forward—capped off by a strong closing kick on New Year’s Eve fueled by rumors of a compromise on the Fiscal Cliff negotiations in Washington. Ironically, it was Apple, a stock that was up 65% over the first nine months of the year, which dragged the index returns down for the quarter.
Posted on October 23, 2012
The stock market keeps chugging along. Despite all the notable headwinds: sovereign debt crisis in Europe, Fiscal Cliff here at home, hard economic landing in China, severe recession in Europe and a slowing domestic economy, the global equity market has managed to advance 13.4% year-to-date and the domestic market, as measured by the S&P 500, has increased 16.4%. A year ago the market was concerned about pretty much this same list of headwinds—since then the global equity market is up nearly 22% and the S&P 500 is up over 30%.
Posted on July 10, 2012
Posted on July 10, 2012
Stock market returns were looking pretty dismal coming into the final few trading days of the second quarter; but, the European Union Summit, the 19th such meeting in the past three years, provided some early 4th of July fireworks. The last trading day of the quarter saw domestic large capitalization stocks (S&P 500) rise 2.5%, domestic small-cap stocks increase 2.9%, emerging market stocks advance 3.4%, and developed international stocks surge 3.6%. Overall, the last trading day of the quarter saw global equity markets up 3.1%, and global bond markets up more than 0.5%.
Posted on June 27, 2012
Over this past weekend the Spanish government secured $125 billion in bailout funds (Prime Minister Mariano Rajoy prefers to call it a line of credit) to secure the Spanish banks. The goal was to “ring fence” the banks from any further runs, particularly in light of this Sunday’s Greek elections which could determine the fate of Greece’s future in the euro. The immediate reaction by the markets was quite positive. S&P 500 futures contracts were up 1.5% when the Japanese market opened last night; Asian and European markets were up roughly 2%.
Telemus Capital Market Commentary: Equity Sell-Off, European Sovereign Debt Crisis & 1st Quarter EarningsPosted on May 29, 2012
Much has happened this quarter and we’re barely past the midpoint. France elected a Socialist; Greece can’t elect anyone; JPMorgan, the most vocal opponent of the Volcker Rule, had a massive trading error; and, Facebook, the social media giant, came to market with a $16 billion initial public offering that left a bad taste in the mouth’s of individual investors as it appears (ironically, since we are talking about a social media company) that certain information wasn’t shared with them (mostly Facebook users) that was shared with some institutional investors.
Join Our Mailing List