Weekly Update 6/15/2018 – Central Banks Overshadow U.S.—North Korea Summit

US: S&P 500 Index +0.0%, Dow -0.9%, Nasdaq +1.3%
Europe: STOXX Europe 600 +1.0%, German DAX +1.9%, France CAC 40 +1.0%, U.K. FTSE 100 +1.1%
Asia: Japan Nikkei +0.7%, China Shanghai Composite -1.5%, Korea KOSPI  -1.9%
Global/Regional: MSCI ACWI +0.1% MSCI EM -0.9% MSCI EAFE +0.2%
Rates/Commodities: 10-Year Treasury yield -2 basis points to 2.92%, WTI crude oil -1.6%, COMEX gold -1.4%

Major U.S. indexes went their separate ways this week as the S&P 500 Index (flat), Nasdaq (rose), and Dow (fell) all reacted differently to a plethora of headline-generating events. Continue reading

Weekly Update 6/8/2018 – Global Stocks Mixed Ahead of Key Meetings

US: S&P 500 Index +1.6%, Dow +2.8%, Nasdaq +1.2%
Europe: STOXX Europe 600 -0.5%, German DAX +0.3%, France CAC 40 -0.3%, U.K. FTSE 100 +0.0%
Asia: Japan Nikkei +2.4%, China Shanghai Composite -0.3%, Korea KOSPI  +0.5%
Rates/Commodities: 10-Year Treasury yield +4 basis points to 2.94%, WTI Crude Oil -0.3%, COMEX gold +0.4%

Major U.S. indexes advanced this week, though gains came on the heels of few notable catalysts. Along the way, however, both the Russell 2000 Index and Nasdaq posted new record highs after upbeat data on the services sector followed up last week’s better-than-expected reads on employment and manufacturing. Continue reading

Weekly Update 5/25/2018 – U.S. – Foreign Relations in Focus

US: S&P 500 Index +0.3%, Dow +0.2%, Nasdaq +1.1%
Europe: STOXX Europe 600 -0.9%, German DAX -1.1%, France CAC 40 -1.3%, U.K. FTSE 100 -0.8%
Asia: Japan Nikkei -2.1%, China Shanghai Composite -1.6%, Korea KOSPI  +0.0%
Rates/Commodities: 10-Year Treasury yield -8 basis points to 2.99%, WTI crude oil -5.2%, COMEX gold +0.9%

U.S. equities recovered most of last week’s losses, thanks in large part to early-week advances spurred by reports of thawing trade tensions between the U.S. and China. Day-to-day movements in major indexes were choppy, however, amid subsequent reports that the U.S. is failing to secure meaningful concessions in its efforts to balance trade between the two nations. Continue reading

A Royal Union Comes Together As Another Union Breaks Apart

As Britain’s painfully complex break from the European Union (EU)—commonly referred to “Brexit”—continues to be worked out, a royal union is coming together over the weekend as Prince Harry and Meghan Markle will wed on Saturday, May 19, 2018 at Windsor Castle in England. The couple’s decision to wed on a Saturday goes against tradition, as royal weddings usually take place on a weekday. Continue reading