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%,
In June global stocks were flat with U.S. stocks gaining 0.62%, international developed stocks losing -1.98%, and emerging markets stocks declining -4.15%. Argentina led the losers with a -21.96% loss
The Tax Cuts and Jobs Act has doubled the federal estate and gift tax exemption. The exemption is currently $11,200,000 per person, and twice that for a married couple ($22,400,000).
In spite of a plethora of fears and negative headlines equities powered ahead with gains in May led by technology +6.78%, small caps +6.07%, and MLPs +5.05%. Globally stocks gained