In December and January we wrote a market outlook that named 2018 as the “Year of the Bond Market” based upon our view that interest rates would rise more than
September saw wide dispersion in returns with gains in Japan, S&P 500, U.K. and Developed International stocks up +5.68%, +0.57%, +1.05%, and +0.54% respectively while REITs, Small Caps, Real Estate
Given the headlines about trade wars and fears of emerging market contagion, we thought it would be a good time to revisit our thoughts on the market and portfolio positioning.
In the month of August global stocks rose a modest +0.79% but that did not reflect the significant dispersion in regional returns. The S&P 500 Index, powered by U.S. technology
In July, global equities posted more strong gains with the S&P 500 up +3.72% and global stocks up +3.02%. In the U.S. gains were led by Industrials +7.39%, MLPs +6.58%,