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Monthly Market Update

The Monthly Market Update is part of our ongoing commitment to investor education and research. These posts often spark discussion and provide insight into our perspective on current financial markets and economic events.

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Most Recent Update

February 2024 Monthly Market Update

U.S. stock markets finished higher in February, with the S&P 500 +5.2% for the month. Gains were driven by the underlying strength of the economy evidenced by economic data and better-than-expected earnings results, expectations for interest rates, and hype surrounding Artificial Intelligence. In terms of the broader economy, jobs and growth data remain strong, and […]

July 2016 Economic Dashboard

The strong (yet improbable) post-Brexit rally continued into mid-July, buoyed by a swift installation of a new government in London and improving economic indicators in the US, Europe and Japan. US stocks reached new all-time highs on July 20th, representing a rally of nearly 9% from the post-Brexit lows of June 27th. Stocks began to […]

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June 2016 Economic Dashboard

The second quarter had shaped up to be quite an uneventful period until the June 23 vote by Britain to leave the European Union.  The surprise result created extreme volatility in global financial markets, as investors sold stocks, bought government bonds and dumped the Pound Sterling in favor of the Dollar and Yen.  UK Prime […]

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May 2016 Economic Dashboard

We have been discussing oil prices in monthly Dashboards consistently over the past two years since the price of crude began declining from nearly $107 per barrel in June 2014 to a low of $26.14 this past February.  Several of our posts mentioned that while the price decline was triggered by massive new supplies of […]

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April 2016 Economic Dashboard

Stocks had a very rough start to 2016, with twin declines of nearly 10% in January and February.  The rally in oil (up 68% from its low of $26.14) that began on February 11th helped propel the major averages to modest gains by mid-April.  Stocks finished the month of April slightly below those highs and […]

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March 2016 Economic Dashboard

After a very rough start to the New Year, stocks staged a recovery from their lows on February 11 (the broader market was down over 11% since December 31).  Besides recession fears and renewed worries about the Euro-area banking system, crude oil was the main culprit in leading the market decline and also served as […]

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February 2016 Economic Dashboard

  Financial markets staged a strong rally in February and early March as oil prices rebounded (the strong link with stock prices continues to persist) amid talk of OPEC members discussing coordinated cuts in their production.  These rumors have popped up regularly since oil prices began their drop in mid-2014 and none have come to […]

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January 2016 Economic Dashboard

  Price movements by stocks and oil have continued their symbiotic relationship into the New Year.   Stocks and oil prices moved in tandem a record 35% of the trading days in 2015.  That ratio jumped to 68% in January.   It’s difficult to imagine the US has become a global oil power and that our fortunes […]

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December 2015 Economic Dashboard

  US stocks barely registered any gains for 2015.  Headwinds, ranging from increasing interest rates, a stronger US dollar and the big drop in oil prices, had detrimental effects on US stocks.  Specifically, a record 35% of the trading days this year saw the price of oil and the S&P500 index decline in tandem, as […]

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November 2015 Economic Dashboard

    The terror attacks in Paris and San Bernardino are stark reminders the global war on terror is not receding and will remain with us indefinitely.  Stock markets around the world rallied after Paris in a show of resilience that commerce will not be knocked off balance by the terror risk.   Readers will […]

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October 2015 Economic Dashboard

October 2015 Dashboard US stocks staged their strongest monthly rally in four years in October, as corporate earnings have mostly surprised on the upside and, later in the month, the Fed raised the prospect of increasing short-term interest rates in December. We have been jilted at the altar of late by the Fed (see: September […]

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