Quarterly Perspective for 3Q15
Summary Stock markets worldwide sold off during the third quarter. See Chart 1. July began with a modest rally, but it was confined to certain sectors and failed to lift…
What Worked for September 2015
Here’s a look at trends in September: Quality, large cap companies performed better than market as a whole, and dramatically better than companies with weak fundamentals.[1] Why? “Risk-off” securities were…
Market Perspective
The Federal Reserve did not raise interest rates last week. Here is how that decision is playing out: Interest rate sensitive securities have rallied – long duration, investment grade bonds…
What Worked for August 2015 & The Golden Cross
Here's what worked and what didn't in August: Quality, large cap companies did not perform better than market as a whole. Why? Growth is preferred over safety. Investors see this…
Market Perspective
As of the market close yesterday, 8/25/15, the S&P 500 has declined -10.9% since the drawdown began last Tuesday, 8/18/15. (See Chart 1) This is the largest drawdown since August…